Blockstream CEO Adam Back led a 21 million Swedish Krona ($ 2.2 million) funding for Swedish health health Funds H100 Group AB, which last week said it would start buying bitcoin.
H100 Says On May 25th the funds, which have been secured by 0% interest -changing loans, will be used to buy Bitcoin (Btc) in accordance with Buying Bitcoin Pivot announced on May 22.
Back, a prolonged Bitcoin Cypherpunk, contributed to around $ 1.4 million, while the remaining $ 800,000 came from investment companies Morten Klein, Alundo Invest AS, Scandinavia AB and Crafoord Capital Partners.
The increase will allow the H100 to buy around 20.18 Bitcoin at the current market prices, which will add to the 4.39 Bitcoin it bought on May 22 and bring its total stash to nearly 24.57 Bitcoin.
H100 said the changing loan has no interest and will be able to mature on June 15, 2028. The loan can be converted to shares at any time at a conversion rate of 1.3 Swedish Krona (11 US cents) per part.
If the H100 sharing price maintains an average price of more than 33% above the conversion price for an aggregate total 60 days of trading, H100 has the right to command a converting of Equity loan.
A full converting will result in the release of approximately 16,153,900 new shares, consistent with a dilution of approximately 12%.
H100 shares have been bouncing to Bitcoin Buy
Shares to H100 jumped 37% in the May 22 announcement of the company and rose another 5.33% the next day to 1.29 SEK (14 US cents), Bloomberg Data Shut up.
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H100 sells Health tools For individuals who do not want to rely on the “reactive health system,” the CEO of the company, Sander Andersen, Says In a post of May 22 x.
Andersen believes that “the values of individual sovereignty that are fully present in the Bitcoin community are well aligned, and appeal to, the customers and communities we are building the H100 platform for.”
According to the H100, the move is making Sweden’s first public company to adopt a Bitcoin treasury policy and one of Europe’s first.
The number of companies buying The Bitcoin as a Treasury owner will rise, with 112 public companies today Holds the cryptocurrency, According to In the data of bitcointreasuries.net.
Ten companies holding Bitcoin holding companies are based in Europe, making H100 one in the first in the region to strengthen the trend.
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