H100 Group AB has expanded its Bitcoin reserves with the acquisition of 46.93 Bitcoin for approximately SEK 49.5 million, paying an average of SEK 1,054,701 per coin.
This latest addition increases the firm’s total holdings to 294.5 Bitcoin, reinforcing its commitment to a capital preservation strategy rooted in Bitcoin.
H100 Group has purchased an additional 46.93 BTC at an average price of SEK 1,054,701 per BTC.
Total BTC holdings: 294.5 BTC pic.twitter.com/kYhaTvrTDr
— H100 (@H100Group) July 9, 2025
“This addition to H100’s Bitcoin Treasury Strategy follows an increasing number of tech-oriented growth companies holding Bitcoin on their balance sheet,” said Sander Andersen, CEO of H100 Group.
“And I believe the values of individual sovereignty highly present in the Bitcoin community aligns well with, and will appeal to, the customers and communities we are building the H100 platform for.”
The acquisition comes on the heels of H100 closing two major funding rounds, Tranches 6 and 7, raising a combined SEK 516 million.
These rounds were structured as a directed equity offering and a convertible note issue, respectively, to support the firm’s long-term Bitcoin investment plan first unveiled on June 30th, 2025.
“Following the renegotiation, it has been agreed that Tranche 6 shall be executed by way of the Directed Share Issue and that Tranche 7 shall be executed by way of the Directed Convertible Issue,” the company said in a statement.
Under Tranche 6, more than 27 million shares were issued at SEK 6.38, generating roughly SEK 173.3 million.
Tranche 7 involved SEK 342.3 million in convertible bonds priced at SEK 8.48 per share. Notable backers include Adam Back, TOBAM funds, and other institutional investors.
H100’s approach mirrors a broader trend among tech firms adopting Bitcoin as a balance sheet asset, both to hedge against fiat risk and to support liquidity and capital access over the long term.
Looking ahead, the board is preparing Tranche 8, a potential additional convertible offering at a premium SEK 11.27 conversion rate, contingent on investor interest and shareholder consent.
“The final size of Tranche 8 will be determined at the sole discretion of the Company’s Board of Directors, based on what is deemed to be in the best interests of the Company and prevailing market conditions, however, at a minimum the accumulated sum of the rights exercised by the Investors or their assignees,” the company noted.