The Swedish technology company H100 Group collected nearly 40% on news about the Bitcoin purchase of $ 490,000 focused on diversification of business reserves.
As more technology companies turn to Bitcoin as a Treasury activ, Sweden of Sweden has followed H100 Group AB, with a purchase of $ 490,000 that sent his shares nearly 40%.
In one press releasesaid the company with the Stockholm headquarters that the 4.39 Bitcoin (BTC) had taken over for a price of 1,138,737 rok each.
The company said that the allocation is part of a “long-term bitcoin treasure strategy”, adding that the decision “has no influence on the core activities of H100, which remain aimed at supplying technological solutions to care providers” because it reflects a “strategic implementation of the financial position.”
“This addition to the Bitcoin Treasury strategy of H100 follows an increasing number of technically oriented growth companies that keep Bitcoin on their balance, driven by the view that it is in the interest of the company to keep a more diversified treasury portfolio than just cash.”
H100 Group CEO Sander Andersen
After the purchase, the shares of H100 Group on the Nordic growth market rose by 39.27% to 1.22 Swedish Krona (approximately $ 0.13), which increases the market value of the company to around $ 14.84 million.
In mid -April, two Swedish legislators insisted on the country’s finance minister to consider adding Bitcoin to the reserves of Sweden. Sweden Democrat member of the Riksdag Dennis Dioukarev and MP Rickard Nordin have issued open letters to Finance Minister Elisabeth Svantesson, insist on a national strategy that Bitcoin embraces as part of the future financial planning of the country.
Dioukarev’s letter, submitted on April 14, suggested that Sweden Bitcoin began to collect with the help of confiscated crypto assets. He pointed to similar efforts in other countries, in particular the United States, which recently launched a National Bitcoin reserve that was financed by seized funds.
