Sweden-based health tech company H100 Group AB saw its shares surge nearly 40% after announcing a $490,000 investment in Bitcoin, joining a growing wave of tech firms turning to digital assets to diversify corporate reserves.
In a press release, the Stockholm-headquartered firm disclosed it had acquired 4.39 Bitcoin for 1,138,737 Norwegian kroner (NOK) per coin. The move aligns with a broader trend among technology-focused companies adopting Bitcoin as part of their financial strategy.
We’ve acquired 4.39 BTC — officially becoming Sweden’s first publicly listed Bitcoin Treasury company.
This marks the beginning of a long-term strategy to align our balance sheet with the values of sovereignty, resilience, and digital-first innovation. pic.twitter.com/KPFc0H26uv
— H100 (@H100Group) May 22, 2025
The company clarified that this investment is part of a broader “long-term Bitcoin Treasury Strategy.” Importantly, it emphasized that the purchase would not interfere with H100’s primary operations of delivering healthcare technology solutions. Instead, the Bitcoin allocation represents a “strategic deployment of excess liquidity” to strengthen the company’s financial resilience in a volatile market.
CEO Sander Andersen underscored the rationale behind the move, noting that an increasing number of growth-oriented tech firms are choosing to hold Bitcoin on their balance sheets.
“This addition to H100’s Bitcoin Treasury Strategy follows an increasing number of tech-oriented growth companies holding Bitcoin on their balance sheet, driven by the view that it’s in the company’s interest to hold a more diversified treasury portfolio than just cash,”
Andersen stated.
The market responded swiftly. Following the announcement, H100 Group’s stock on the Nordic Growth Market spiked by 33.37%, closing at 1.22 Swedish Krona (approximately $0.13).
This corporate development comes amid a broader national conversation in Sweden around Bitcoin’s role in public finance. In mid-April, Members of the Riksdag, Dennis Dioukarev and Rickard Nordin, issued open letters to Finance Minister Elisabeth Svantesson, urging the government to explore incorporating Bitcoin into the country’s financial reserves. Adding further momentum to the dialogue, Dioukarev proposed in an April 14 letter that Sweden began accumulating Bitcoin through confiscated cryptocurrency assets. He pointed to the United States as a model, where a national Bitcoin reserve has been launched using funds seized from illicit activities.
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