H100 Group Secures $2.2M in Adam Back-Led Round to Stack Bitcoin Treasury

Bitcoin maximalists just got another war chest. The H100 Group—specializing in corporate BTC acquisitions—raked in $2.2 million from a funding round led by Blockstream CEO Adam Back. Because nothing screams ’institutional adoption’ like VCs betting on other VCs to hoard harder.

The move signals growing confidence in Bitcoin as a treasury reserve asset—even as traditional finance still treats it like a casino chip. Back’s involvement adds heavyweight credibility, though let’s be real: when the guy who invented Hashcash backs your Bitcoin play, you’re basically printing ‘laser-eye’ press releases.

Expect more firms to follow suit… right until the next -30% dip sends CFOs scrambling for their Excel sheets.

TLDR

• Swedish health tech firm H100 Group AB raised $2.2 million in funding led by Blockstream CEO Adam Back to purchase Bitcoin for its treasury
• Back contributed $1.4 million while other investors provided $800,000 through interest-free convertible loans maturing in 2028
• H100 becomes Sweden’s first public company to adopt a Bitcoin treasury policy and plans to buy about 20.18 Bitcoin with the new funds
• MicroStrategy co-founder Michael Saylor hinted at another Bitcoin purchase after the company’s recent acquisition of 7,390 BTC worth $765 million
• Cardone Capital launched its fourth hybrid fund combining Miami real estate with $15 million in Bitcoin, aiming to use rental income to buy more BTC

Swedish health technology company H100 Group AB secured 21 million Swedish krona ($2.2 million) in new funding to purchase Bitcoin for its corporate treasury.

The funding round was led by Blockstream CEO Adam Back, a prominent bitcoin advocate and cypherpunk.

Back personally contributed approximately $1.4 million to the round. The remaining $800,000 came from investment firms including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners.

The funds were raised through convertible loans that carry zero interest and mature on June 15, 2028. Investors can convert their loans into equity at a rate of 1.3 Swedish krona (11 US cents) per share.

H100 announced its Bitcoin treasury strategy on May 22 and immediately purchased 4.39 Bitcoin. The new funding will allow the company to buy approximately 20.18 additional Bitcoin at current market prices, bringing its total holdings to roughly 24.57 Bitcoin.

The company’s stock price jumped 37% on the day of the Bitcoin announcement. Shares continued rising 5.33% the following day to 1.29 SEK (14 US cents), according to Bloomberg data.

21,000,000 SEK has been raised in a convertible round led by the legendary @adam3us 🍊

Accelerating our Bitcoin treasury strategy and strengthening our focus on sovereign health — let’s build! pic.twitter.com/SrpbKM2TID

— H100 (@H100Group) May 25, 2025

First Swedish Public Company

H100’s MOVE makes it the first public company in Sweden to adopt a Bitcoin treasury policy. The company joins only ten other European firms that hold Bitcoin as a corporate asset.

CEO Sander Andersen said the company sells health tools for individuals who don’t want to rely on traditional healthcare systems. He believes the Bitcoin community’s values of individual sovereignty align with H100’s target customers.

According to BitcoinTreasuries.NET data, 112 public companies worldwide now hold Bitcoin as a treasury asset. H100 represents one of the first European companies to follow this trend.

MicroStrategy Eyes More Bitcoin

MicroStrategy co-founder Michael Saylor recently hinted at another Bitcoin purchase following the company’s latest acquisition. On May 19, MicroStrategy bought 7,390 Bitcoin valued at nearly $765 million, bringing total holdings to 576,230 Bitcoin.

Saylor posted on social media that he “only buys Bitcoin with money I can’t afford to lose.” The statement came after Bitcoin’s recent pullback from its May 22 record high of $112,000.

Financial analyst Jeff Walton predicted MicroStrategy could become a $10 trillion enterprise due to its Bitcoin holdings. The company has made Bitcoin purchases for seven consecutive weeks as of May 26.

Cardone Capital launched its fourth hybrid investment fund combining Miami real estate with $15 million in Bitcoin. The 10X Miami River Bitcoin Fund includes a 346-unit apartment complex and uses rental income to purchase additional Bitcoin over time.