Stockholm – June 17, 2025 – Swedish health-tech company H100 Group has announced that it has received 144.8 Bitcoin (BTC) as part of a convertible loan agreement. Following this transaction, the company now holds a total of 169.2 BTC on its balance sheet—marking one of the largest leaps in its digital asset-focused financial strategy to date.
According to a press release issued on Monday, the BTC was transferred as payment for the first four tranches (Tranche 1 to Tranche 4) under a previously announced convertible loan deal.
“H100 Group AB has received 144.8 BTC as part of the capital from Tranches 1–4 of the convertible loan agreement,” the company stated.
Flexible Loan Structure: Fiat or Bitcoin
The loan structure offers flexibility in repayments, allowing payments to be made in either cash or Bitcoin. This enables participants to opt for BTC to minimize fiat-related transaction friction and aligns with H100’s long-term treasury strategy.
Notably, all four tranches became “in-the-money”—reaching favorable market conversion levels—much faster than expected.
Adam Back, CEO of Blockstream and lead investor in the SEK 750 million (~$79 million) financing round, said:
“I thought they would convert gradually over time, but the investor response has been surprisingly enthusiastic.”
The loan was priced at 6.38 SEK per share—a 33% premium over the market price at the time of the agreement—signaling strong investor confidence. Back has personally committed SEK 150 million to Tranche 6, expected to proceed soon.
Non-Dilutive Fundraising Strategy
H100 is employing a smart capital strategy: instead of a traditional rights issue, it is leveraging a staggered convertible loan model. This approach offers maximum fundraising flexibility and reduces shareholder dilution. With Tranches 7 and 8 in preparation, the company retains room for expansion depending on market conditions.
Bitcoin as a New Corporate Treasury Pillar
From an initial holding of just 24.41 BTC, H100 has now grown its Bitcoin reserves nearly sevenfold to 169.2 BTC. This move not only strengthens the company’s financial position but also highlights a growing trend of using Bitcoin as a strategic reserve asset, following in the footsteps of pioneers like MicroStrategy.
While H100’s core business remains in AI-driven healthcare and longevity services, the integration of Bitcoin into its treasury strategy illustrates a forward-thinking combination of health-tech and decentralized finance (DeFi).
Positive Market Reaction
The news triggered a 22% surge in H100’s share price during Monday’s trading session, reflecting strong investor optimism about the firm’s innovative financial approach and digital asset strategy.
Conclusion
H100 Group is emerging as one of the few non-financial companies globally to successfully integrate Bitcoin treasury management into a health-tech business model. In an era of expanding DeFi adoption, the company’s bold financial strategy is not only helping it raise capital efficiently but also positioning it for long-term advantages in an increasingly digitized global financial system.
