Swedish health firm raises $10M to buy Bitcoin, stock jumps 45%

H100 Group’s shares surged after the Swedish health firm announced it had raised $10.6 million to stack more Bitcoin.

Swedish health tech firm H100 Group AB rose 45% on Wednesday after announcing it raised 101 million Swedish krona ($10.6 million) to accelerate the firm’s Bitcoin treasury strategy.

H100 closed at 4.64 krona ($0.49) on the Nordic Growth Market stock exchange, bringing its share price growth to 280% since announcing its Bitcoin (BTC) strategy on May 22, MarketWatch data shows.

The $10.6 million raise is nearly five times larger than its previous $2.2 million raise led by Bitcoin cypherpunk Adam Back on May 25.

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