The Swedish health technology company H100 Group has raised more than $ 54 million through shares and convertible bond issues to accelerate its Bitcoin accumulation strategy.
H100 Group AB, a Swedish health technology company that focuses on lifetime and AI-driven health services, has successful Closed Two important financing rounds, around SEK 516 million (~ $ 54 million). The capital increase was done through a targeted issue (Tranche 6, which issued 27.17 million shares on SEK 6.38) and a targeted convertible bond issue (Tranche 7, SEK 342.3 million, Conversion Prize SEK 8.48).
The targeted share problem has diluted existing shareholders by around 10.1%, and if all convertible bonds of tranche 7 are converted, this can cause an extra dilution of approximately 14.3%.
Investors of these tranches also have rights to participate in a future tranche 8, which will be a different convertible bond issue with a conversion price that is 33% higher than Tranche 7.
The funds will support the Bitcoin Treasury strategy of the H100 Group, aimed at storing capital and strengthening the balance sheet by investing in Bitcoin (BTC).
This last financing follows an earlier agreement announced in June, where H100 has obtained a SEK 150 million (approximately $ 15.82 million) convertible loan guarantee from Blockstream CEO Adam to accelerate its BTC accumulation. That deal built on an earlier increase in May, where H100 SEK brought 21 million ($ 2.2 million) to 0% interest -convertible loans – also led by back, in addition to other investors such as Morten Klein and Crafoord Capital Partners. Including all previous increases, so far secured capital, SEK are 921 million (around $ 96 million).
The aggressive fundraising of H100 for Bitcoin seems to be fed by its initial purchase of $ 490,000 of 4.39 BTC in May, as a result of which the shares increased nearly 40%, so that the company has doubled its crypto treasure strategy. According to BitcointreasuriesH100 currently has 247.5 BTC on the balance.
