Today, H100 Group AB has declared the acquisition of an additional 46.93 Bitcoin for around SEK 49.5 million, with an average cost of SEK 1,054,701 per BTC. This recent procurement elevates the company’s total Bitcoin assets to 294.5 BTC, bolstering its bitcoin treasury approach designed to safeguard capital and enhance its financial statement.
“This enhancement to H100’s Bitcoin Treasury Strategy is in line with a growing number of technology-focused expansion firms retaining Bitcoin on their balance sheets,” stated H100 Group CEO Sander Andersen. “I am confident that the principles of individual autonomy prevalent within the Bitcoin community resonate well with, and will attract, the clients and communities we are developing the H100 platform for.”
The acquisition follows the successful conclusion of Tranches 6 and 7, which generated SEK 516 million through a targeted share issuance and an offering of convertible debentures. The funds acquired will be utilized to further implement H100’s Bitcoin investment strategy, initially revealed on June 30, 2025.
“Post renegotiation, it has been confirmed that Tranche 6 shall proceed via the Directed Share Issue and that Tranche 7 shall proceed through the Directed Convertible Issue,” stated the press announcement.
Tranche 6 encompassed the issuance of over 27 million shares priced at SEK 6.38 each, garnering around SEK 173.3 million. Tranche 7 comprised convertible debentures amounting to approximately SEK 342.3 million with a conversion price of SEK 8.48 per share, both finalized through discussions with prominent investors, including Adam Back, TOBAM funds, and others.
H100’s plan represents the rising trend among technology firms utilizing Bitcoin as a treasury asset to protect against currency depreciation and improve long-term capital accessibility. The company’s board has also outlined intentions for Tranche 8, which is anticipated to be another convertible issue with a premium conversion price of SEK 11.27, contingent upon investor interest and shareholder consent.
“The ultimate magnitude of Tranche 8 will be determined at the sole judgment of the Company’s Board of Directors, taking into account what they believe serves the best interests of the Company and current market conditions; however, at a minimum, the total sum of the rights exercised by the Investors or their assignees,” said the press release.
