H100 Group, Swedish health-tech agency, has acquired 144.8 BTC as a part of a settlement tied to its convertible mortgage settlement, in response to an organization press release issued Monday. With this newest transaction, the Stockholm-based agency now holds a complete of 169.2 BTC on its steadiness sheet.
The 144.8 BTC was transferred as part of the primary 4 segments of H100’s mortgage settlement, which has been properly acquired by traders to date. H100 mentioned within the launch, “H100 Group AB (‘H100 Group’ or the ‘Firm’) has in the present day acquired 144.8 BTC as a part of the proceeds from Tranches 1 by means of 4 beneath its beforehand introduced convertible mortgage agreements.”
This follows current reporting that Blockstream CEO Adam Back dedicated to steer a 750 million kronor (~$79 million) funding initiative for H100, anchored by a 150 million-krona injection in Tranche 6. The mortgage, structured for pace and cost-efficiency, was priced at 6.38 kronor per share—a 33% premium to market—exhibiting investor confidence.
The mortgage construction contains settlement flexibility—both in cash or Bitcoin—which permits counterparties to go for BTC supply, decreasing fiat friction and lining up with the agency’s long-term treasury outlook.
“Unexpectedly, given the robust reception, Tranches 1-4 turned in-the-money quickly,” Back told CoinDesk. “I used to be anticipating [H100] would convert them over time as they reached in-the-money standing.”
This funding method permits H100 to bypass conventional rights points whereas onboarding capital in a versatile method. Tranches 7 and eight are on deck, with room for dimension will increase relying on market urge for food.
This additionally displays H100’s evolving monetary technique. Whereas the corporate’s core operations stay targeted on AI-driven well being and longevity companies, its rising Bitcoin place is reshaping how capital is raised, saved, and deployed. As of now, the corporate’s BTC holdings stand at 169.2 BTC—up from simply 24.41 BTC previous to this newest tranche execution.
H100’s inventory jumped 22% on Monday in response to the developments.
Because the agency continues negotiations for future tranches and explores adoption of BTC as a monetary spine, it positions itself uniquely on the intersection of well being tech and decentralized finance.