Swedish investment firm H100 Group AB has successfully raised 101 million SEK ($10.6 million) in new capital.
The funding is specifically allocated to bolster the company’s strategic Bitcoin investment initiative.
Following the announcement, H100 Group’s stock experienced a significant surge, closing at 4.64 SEK ($0.49) on the Nordic Growth Market, representing a 45% single-day gain.
This latest price movement extends a remarkable trend, with the company’s stock appreciating by 280% since it first unveiled its Bitcoin reserve strategy.
The substantial market response underscores investor confidence in H100 Group’s approach to integrating cryptocurrency into its core operations.
H100 Group AB is positioning itself as a notable example of a traditional company leveraging Bitcoin within a regulated framework to enhance shareholder value.