H100 Group AB has purchased an additional 46.93 Bitcoin for approximately SEK 49.5 million, at an average price of SEK 1,054,701 per BTC. This brings the company’s total holdings to 294.5 BTC, reinforcing its long-term Bitcoin treasury strategy aimed at preserving capital and strengthening its financial position.

CEO Sander Andersen said the move aligns with a growing trend among tech-focused companies adopting Bitcoin as a treasury asset. He added that the Bitcoin community’s values of individual sovereignty align well with the customers and communities H100 is building its platform for.

The acquisition follows the completion of Tranche 6 and Tranche 7, raising SEK 516 million through a share issue and convertible debentures. Tranche 6 raised SEK 173.3 million via 27 million shares at SEK 6.38 each, while Tranche 7 brought in SEK 342.3 million at a conversion price of SEK 8.48. Tranche 8 is in planning, with a premium price of SEK 11.27, pending board and investor approval.