H100 Group AB has announced the acquisition of an additional 117.93 bitcoins as part of its ongoing bitcoin treasury management strategy. This recent purchase was financed through proceeds obtained from the company’s convertible loan agreements. The average price per bitcoin during this transaction was approximately SEK 1,120,973, bringing the total investment to nearly SEK 132.3 million. Following this acquisition, H100 Group’s total bitcoin holdings have reached 628.22 bitcoins.
Sønder Andersen, CEO of H100 Group, emphasized that this increase aligns with the company’s objective of maintaining bitcoin as a strategic asset. He noted that this move reflects a growing trend among technology-driven, progressive firms seeking to hold bitcoin on their balance sheets. Additionally, Andersen highlighted that the core values of personal sovereignty within the bitcoin community resonate closely with the principles upheld by H100’s clients and broader community.
Concurrently, H100 Group received approval to trade on the Open Market segment of the Frankfurt Stock Exchange. Starting today, the company’s shares have commenced trading in euros under the ticker symbol GS9, with no issuance of new shares involved in this listing process.
Supporting H100’s bitcoin adoption strategy, Adam Back, CEO of Blockstream and a prominent figure in the bitcoin space, has publicly endorsed the company’s approach. Describing bitcoin as “digital gold,” Back has contributed approximately SEK 492.3 million in funding to H100 Group. These developments underscore the strength of H100’s bitcoin treasury approach and reflect a broader increase in institutional interest within the cryptocurrency sector.
Source: bitcoinmagazine
