H100 Group AB has secured $54 million in funding to substantially increase its Bitcoin reserves as part of a strategic corporate treasury initiative. The health technology company aims to fortify its balance sheet and protect capital through cryptocurrency allocations.
The funding comprises two rounds totaling approximately 516 million Swedish Krona (SEK), including a convertible debenture tranche valued at SEK 342.3 million. This financial instrument could potentially dilute existing shareholders if fully converted to equity.
This capital infusion follows previous financing efforts, including a convertible loan from Blockstream CEO Adam Back. H100 Group currently holds 247.5 BTC, representing a significant expansion from its initial acquisition of 4.39 BTC.
The move exemplifies a growing trend among non-financial corporations adopting Bitcoin for treasury management, seeking long-term stability and capital preservation amid economic uncertainties.