What to know:
- Well, bless my soul! The H100 Group from Sweden has rustled up a whopping $10.5 million from family offices and crypto enthusiasts, including the illustrious Blockstream CEO, Adam Back. Who knew money could grow on trees? 🌳💵
- In a twist that would make a cat laugh, the fundraising was split into SEK 69.65 million in share issues and SEK 31.35 million in convertible loans—interest-free, mind you! It’s like borrowing a cup of sugar and never having to return it. 🍭
- And hold onto your hats, folks! H100 shares have skyrocketed nearly 400% since they decided to hop on the Bitcoin bandwagon less than a month ago. Talk about a wild ride! 🎢
Now, this H100 Group, a publicly-traded health and longevity company, has taken a fancy to Bitcoin like a dog to a bone. They’ve raised $10.5 million (or SEK 101 million, if you prefer the local lingo) from a gaggle of crypto-loving investors, including the aforementioned Adam Back, UTXO Management, and a few family offices that must have deep pockets. 💰
According to a press release that landed on my desk like a cat on a hot tin roof, the fundraising was split between SEK 69.65 million in two share issues and SEK 31.35 million in those delightful convertible loans. It’s like a buffet of financial options! 🍽️
The share issues attracted a motley crew of crypto investors and Nordic family offices. And those convertible loans? They carry no interest and mature in five years—like a fine wine waiting to be uncorked. Investors can convert the loans into equity at SEK 1.75 per share. Cheers to that! 🥂
In a delightful twist of fate, H100 shares jumped another 30% in Wednesday’s session, bringing their total gains to nearly 400% since the firm made its first BTC purchase on May 22. If only my investments were so sprightly! 📈
This here was just the first slice of a larger funding pie, and the company hints at more to come. H100’s grand plan is to use this capital to beef up its BTC treasury strategy. Sounds like a recipe for success! 🍰
Led by the ever-ambitious CEO Sander Andersen, H100 Group is riding the wave of public firms raising funds through share and debt issuances to buy cryptocurrencies. It’s a playbook that’s become as popular as a cat video on the internet, thanks to Michael Saylor’s Strategy (MSTR). 🐱💻
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2025-06-11 19:20