Adam Back leads 2,200,000 SEK raise for Swedish health firm’s Bitcoin buys

Adam Back spearheaded a funding round of 2,200,000 Swedish kronor (approximately 2,200,000 USD) for H100 Group. The primary purpose is to facilitate the company’s Bitcoin purchases under their newly adopted strategy.

Back contributed about 1,400,000 USD of the total amount, with significant participation from other investors. The funding will enable H100 to acquire around 20.18 Bitcoin, building on a previous 4.39 Bitcoin purchase this May.

Following the announcement of its Bitcoin procurement strategy, H100’s stock surged by 37%, reflecting positive investor sentiment towards the company’s innovative approach in crypto investments.