H100 Shares Jump 45% After $10M Raise To Buy More Bitcoin As Centralized BTC Holdings Hit 31% Of Supply
Shares for the Swedish-based health tech firm H100 soared 45% yesterday after the company announced a $10 million raise to buy more Bitcoin as centralized treasuries now hold 31% of BTC’s total supply, according to Bitwise H100 closed yesterday’s trading session at 4.64 krona (40.49) on the Nordic Growth Market stock exchange. This has pushed the company’s share price growth to 280% since announcing its Bitcoin strategy on May 22, according to MarketWatch data. New H100 Raise Substantially Larger Than The Previous One H100’s latest raise is nearly five times larger than its previous $2.2 million raise that was led by Bitcoin cypherpunk Adam Back on May 25. H100 Group (Ticker: H100) secures SEK 101M in new financing. ✅ Tranche 1 of our convertible loan 50% oversubscribed at SEK 31.35M ($3.1M) ✅ Plus SEK 69.65M ($6.6M) in new equity raised 🔒 SEK 122M total secured across convertibles and equity Tranches 2–5 remain untouched. pic.t...