H100 Group raises $10.5 million to strengthen Bitcoin funding strategy

Odaily News H100 Group announced that it has completed a $10.5 million (approximately 101 million Swedish kronor) financing, which will be used to expand its Bitcoin reserve strategy. Investors include Blockstream CEO Adam Back, UTXO Management and several family offices. The financing is divided into 69.65 million kronor share issuance and 31.35 million kronor interest-free convertible bonds, the latter of which can be converted into shares at 1.75 kronor per share. Since the first purchase of Bitcoin on May 22, H100's stock price has risen by nearly 400%. (CoinDesk)