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Sweden's H100 Group rises another 30%, completing tens of millions in financing to advance its Bitcoin reserve strategy.
PANews reported on June 11 that according to CoinDesk, H100 Group, a Swedish health and longevity company, announced the completion of a $10.5 million (about 101 million Swedish kronor) financing, which will be used to expand its bitcoin reserve strategy. Investors include Blockstream CEO Adam Back, UTXO Management, and a number of family offices. The financing was divided into a share issuance of CZK 69.65 million and an interest-free convertible bond of CZK 31.35 million, which could be converted into shares at CZK 1.75 per share. Since the first Bitcoin purchase on May 22, the H100 stock price has risen by nearly 400%.