Stockholm, Sweden – Swedish health tech firm H100 Group AB saw its stock skyrocket nearly 40% after revealing a strategic $490,000 investment in Bitcoin. The company announced the purchase of 4.39 BTC at 1,138,737 NOK per coin as part of a broader effort to diversify its corporate reserves.
The move positions H100 Group among a growing list of forward-thinking tech firms embracing Bitcoin as a treasury asset. In a statement released this week, the Stockholm-based company clarified that the crypto purchase would not impact its core operations, which remain centered around delivering technology solutions to healthcare providers.
“This is a strategic deployment of excess liquidity to strengthen our financial position,” said CEO Sander Andersen. “The addition aligns with our long-term Bitcoin Treasury Strategy and reflects a broader trend among growth-oriented tech firms seeking more diversified portfolios.”
Following the announcement, H100 Group’s shares surged 39.27% on the Nordic Growth Market, closing at 1.22 SEK ($0.13). The rally boosted the company’s market capitalization to roughly $14.84 million, marking a significant leap in investor confidence.
This move comes amid increasing interest in Bitcoin at both the corporate and governmental levels in Sweden. In mid-April, Members of Parliament Dennis Dioukarev and Rickard Nordin called on Finance Minister Elisabeth Svantesson to adopt Bitcoin into the nation’s reserves. Dioukarev even proposed using confiscated crypto assets as a foundation for a Swedish Bitcoin reserve, drawing parallels to recent initiatives in the United States.
The political discourse adds momentum to Bitcoin’s growing legitimacy in Sweden’s financial landscape, further reinforced by private sector adoption like H100 Group’s.
As Sweden navigates digital asset regulation and potential CBDC rollouts, H100 Group’s bold move may serve as a blueprint for other companies eyeing Bitcoin as a hedge against traditional monetary systems.
