H100 Group Raises $10.50 million to Strengthen Bitcoin Funding Strategy

H100 Group announced the completion of a $10.50 million (approximately SEK 101 million) financing that will be used to expand its bitcoin reserve strategy. Investors include Blockstream CEO Adam Back, UTXO Management and several family offices. The financing is divided into a 69.65 million krona share issue and a 31.35 million krona interest-free convertible bond, which can be converted into shares at 1.75 kroner per share. Since the initial purchase of bitcoin on May 22, H100 shares have risen by nearly 400%.