Bitcoin News Today: Sweden's H100 Group Stacks Bitcoin as Digital Gold in Corporate Treasury Play

Sweden’s H100 Group has continued to expand its Bitcoin treasury, acquiring an additional 46.22 BTC at an average price of approximately SEK 1,081,863 per coin, with the total acquisition amounting to about SEK 50 million. This purchase has brought the company’s total Bitcoin holdings to 957.5 BTC, valued at around $107 million as of the latest data from BitcoinTreasuries.net. H100 Group, listed on the NGM Nordic SME and operating as a health technology company, has become the first publicly listed firm in Sweden to integrate Bitcoin into its corporate treasury strategy [4].

The company’s Bitcoin acquisition cost averages around $110,500 per coin, resulting in a current market profit of approximately 0.53%. This strategic move aligns with H100’s broader financial approach, where a portion of its cash reserves is allocated to Bitcoin as a hedge against inflation. Adam Back, CEO of Blockstream and a foundational contributor to Bitcoin, has supported H100’s strategy, echoing the common view of Bitcoin as a digital form of gold [4].

In July, H100 successfully raised $54 million through a combination of equity issuance and debt financing, which was partially allocated to further Bitcoin acquisitions. The company’s initial foray into Bitcoin purchases earlier this year coincided with a 40% increase in its share price following its first Bitcoin-related announcements [5]. The firm’s treasury strategy appears to be contributing to its overall market performance and capital structure, while maintaining its core focus on AI-powered health technology and longevity research [4].

H100’s Bitcoin treasury strategy is part of a broader, albeit still nascent, trend in Europe. While the United States leads in corporate Bitcoin acquisitions, Europe is beginning to see more activity. France-based Blockchain Group was the first European firm to adopt a Bitcoin treasury strategy in November 2024, accumulating 2,218 BTC. Sequans Communications, a European semiconductor firm, currently holds the largest BTC reserve among European treasury firms, with 3,170 BTC [5].

The recent acquisition by H100 Group reflects the growing recognition of Bitcoin as a strategic asset among corporations. The company continues to balance its focus on health technology with its digital asset allocation, leveraging Bitcoin’s potential to preserve capital and enhance long-term value. This strategy is not without precedent, as other firms, including KindlyMD and Ming Shing Group, have also entered the Bitcoin treasury market in recent months [1] [2].

Source:

[1] The Bitcoin Treasury Movement Rolls On — Here's What's ... (https://cryptopotato.com/the-bitcoin-treasury-movement-rolls-on-heres-whats-new/)

[2] Bitcoin treasuries add 7.7k BTC in a week - Buying the dip? (https://www.cryptopolitan.com/bitcoin-treasuries-add-7-7k-btc-in-a-week/)

[3] Bitcoin treasury company Kindly MD plans to apply for $5 ... (https://www.chaincatcher.com/en/article/2200955)

[4] Sweden's H100 Group Acquires 46 Bitcoin as Total ... (https://btctimes.com/swedens-h100-group-acquires-46-bitcoin-as-total-holdings-reach-957-bitcoin/)

[5] Sweden's H100 Group nears 1k BTC with latest treasury buy (https://crypto.news/swedens-h100-group-nears-1k-btc-with-latest-treasury-buy/)