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H100 Group AB announced it has purchased an additional 47.33 Bitcoin as part of its Bitcoin Treasury Strategy, bringing its total BTC holdings to 247.54 BTC.<\/p>\n
The acquisition, valued at SEK 48,999,597, was executed at an average price of SEK 1,035,126 per BTC. This latest move expands H100\u2019s position in Bitcoin as a reserve asset, reinforcing the company\u2019s confidence in Bitcoin<\/a> long term.<\/p>\n This purchase follows just two weeks after H100 received 144.8 BTC as part of the proceeds from the first four tranches of a convertible loan agreement. That inflow had already pushed the company\u2019s Bitcoin balance to 169.2 BTC, prior to this new transaction.<\/p>\n The convertible loan structure is part of a broader SEK 750 million funding initiative led by the CEO of Blockstream Adam Back, giving H100 the ability to receive settlement in either cash or Bitcoin. This flexibility complements the company\u2019s strategic focus on building a Bitcoin-denominated treasury.<\/p>\n Back\u2019s participation includes a SEK 150 million investment in Tranche 6, offered at a 33% premium to market. The structure allows H100 to onboard capital efficiently without the need for traditional rights issues or immediate equity dilution.<\/p>\n \u201cUnexpectedly, given the strong reception, Tranches 1-4 became in-the-money rapidly,\u201d Back said. \u201cI was expecting [H100] would convert them over time as they reached in-the-money status.\u201d<\/p>\n