H100 Group raised $10.5 million to strengthen its Bitcoin funding strategy

ChainCatcher news, according to CoinDesk, Swedish medical company H100 Group announced the completion of a $10.5 million (approximately 101 million Swedish Krona) financing, which will be used to expand its Bitcoin reserve strategy. Investors include Blockstream CEO Adam Back, UTXO Management, and several family offices.

The financing consists of a 69.65 million Krona equity issuance and a 31.35 million Krona interest-free convertible bond, which can be converted into shares at 1.75 Krona per share. Since first purchasing Bitcoin on May 22, H100's stock price has increased by nearly 400%.