H100 Group Gets $2.2M Led by Adam Back for Bitcoin Treasury

May 26, 2025 – H100 Group AB, an innovative Swedish health technology company specializing in AI-powered automation and digital solutions for health and longevity service providers, today announced the successful closure of a $2.2 million (approximately 21 MSEK) funding round. The round was notably led by influential Bitcoin cypherpunk and CEO of Blockstream, Adam Back.

The newly acquired funds, raised via 0% interest convertible loans, are earmarked for the strategic purchase of Bitcoin, reinforcing H100 Group's recent and decisive pivot to adopt the cryptocurrency as a primary treasury reserve asset. This move establishes H100 Group as Sweden’s first publicly listed company to implement a Bitcoin treasury policy and positions it among the vanguard of European companies embracing this forward-thinking financial strategy.

Adam Back personally contributed approximately $1.4 million to this round. The remaining $800,000 was secured from a consortium of investment firms, including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners.

This funding will enable H100 Group to acquire an estimated additional 20.18 Bitcoin at current market prices. This purchase will augment the 4.39 Bitcoin the company acquired on May 22, 2025, bringing its anticipated total Bitcoin holdings to approximately 24.57 Bitcoin.

The convertible loans carry a maturity date of June 15, 2028, and can be converted into company shares at a rate of 1.3 Swedish krona (approximately $0.11 USD) per share. H100 Group retains the right to mandate a conversion of the loan into equity if the company’s share price maintains a volume-weighted average price (VWAP) of more than 33% above the conversion price for a cumulative total of 60 trading days. A full conversion under these terms would result in the issuance of roughly 16,153,900 new shares, equating to a dilution of approximately 12%.

Sander Andersen, CEO of H100 Group, commented on the strategic move: "Our decision to integrate Bitcoin into H100’s financial strategy is driven by a desire to resonate with a customer base that prioritizes autonomy and individual sovereignty – values deeply embedded within the Bitcoin community. This alignment not only strengthens our market positioning but also attracts a clientele that appreciates innovation in both health and finance. We are thrilled to have Adam Back, a true pioneer in the Bitcoin space, lead this round, underscoring the synergy between our company's vision and the principles of Bitcoin."

H100 Group provides AI-powered automation, business growth tools, and seamless integration for health and longevity service providers, enabling them to focus on client care. The company's platform supports an ecosystem where providers can expand offerings, improve client retention, and increase operational efficiency. By adopting Bitcoin, H100 aims to enhance its financial stability and growth prospects, betting on Bitcoin as a store of value and a tool to foster individual sovereignty, mirroring the ethos of its health solutions that empower individuals to take control of their well-being outside the traditional "reactive health system."

Adam Back stated, “Investing in Bitcoin aligns with our vision of empowering individuals through innovative health solutions.” This strategic funding initiative is designed to solidify H100’s position in the burgeoning crypto space and expand its operational framework through cryptocurrency integration.

The adoption of a Bitcoin treasury policy by H100 Group is indicative of a growing trend among corporations worldwide recognizing Bitcoin's potential as a viable treasury asset. This proactive strategy is viewed as a way to protect against inflation, enhance long-term value, and align with a digitally native customer base.

Strategic Rationale and Market Positioning

Alignment with Core Values: H100’s Bitcoin strategy reflects its commitment to individual sovereignty and resilience, principles that resonate with both the Bitcoin community and its target users seeking proactive health management.

Financial Prudence: The 0% interest convertible loan structure offers a low-risk financing mechanism with the potential for equity conversion at attractive rates, balancing financial risk with growth opportunities.

Pioneering in Europe: H100 Group is setting a precedent as one of the first publicly traded companies in Europe, and the first in Sweden, to formally adopt Bitcoin as a treasury reserve asset.

Attracting a Niche Clientele: The move is expected to appeal to customers who value innovation and autonomy in both their health and financial choices.

H100 Group's commitment to building a comprehensive digital health ecosystem through strategic acquisitions and AI-driven automation is now further strengthened by its pioneering Bitcoin treasury strategy. This positions the company not only at the forefront of health technology but also as a leader in the corporate adoption of digital assets.

About H100 Group AB

H100 Group AB is a publicly listed Swedish health technology company (Privately Held as per LinkedIn, but public status implied by "first public company" statements) focused on AI-powered automation and digital infrastructure for health and longevity service providers. The company supports a seamless ecosystem, enabling providers to enhance service delivery, increase efficiency, and scale operations. H100 is dedicated to empowering individuals and health providers with digital tools, privacy-first technology, and a global, borderless approach to preventive care, now complemented by a Bitcoin treasury strategy.

About Adam Back

Adam Back is a highly respected British cryptographer, cypherpunk, and a prominent figure in the Bitcoin ecosystem. He is the inventor of Hashcash, a proof-of-work system cited in the Bitcoin whitepaper, and currently serves as the CEO of Blockstream, a leading blockchain technology company. Adam is a vocal advocate for Bitcoin and its potential to create a more open and decentralized financial system. He holds a Ph.D. in computer science from the University of Exeter.

Contact:

H100 Group AB