Swedish Health Tech Giant H100 Group Adopts Bitcoin as Treasury Reserve
H100 Group AB, a Swedish health technology company, has made waves by adopting Bitcoin as a treasury reserve asset. This marks a significant shift in corporate treasury management and a first for publicly listed companies in Sweden.
The company purchased 4.39 BTC for 5 million NOK (approximately $475,000) at an average price of 1,138,737 NOK per Bitcoin (roughly $108,200). This investment is part of H100 Group's long-term Bitcoin Treasury Strategy, reflecting a broader trend towards diversification of holdings beyond traditional cash reserves.
CEO Sander Andersen highlighted the alignment of Bitcoin's values of individual sovereignty with the company's customer base. The purchase, however, does not affect H100 Group's core operations in the health and longevity industry. The company views this strategic deployment of excess liquidity as a means to strengthen its financial position.
H100 Group's shares closed up 1.37% at 0.89 SEK following the announcement. At press time, Bitcoin trades at $111,108, up 1.28% over the past 24 hours, driven by institutional adoption. While H100 Group is Sweden's first publicly listed health technology company to add Bitcoin to its balance sheet, the global trend of companies doing so is growing, with examples like MicroStrategy leading the way.
