Swedish health tech company H100 Group AB has secured $2.2 million in funding to boost its Bitcoin holdings. The funding round was led by Blockstream CEO Adam Back who personally invested $1.4 million. The rest came from firms including Morten Klein and Crafoord Capital Partners. H100 plans to use the funds to purchase around 20.18 Bitcoin adding to the 4.39 Bitcoin it already bought on May 22.

The funds were raised through 0% interest convertible loans set to mature in 2028. If H100’s stock maintains strong performance the loan may convert to shares. H100 shares soared 37% following the Bitcoin announcement and climbed another 5.33% the next day. CEO Sander Andersen says the move reflects a belief in personal sovereignty values shared with the Bitcoin community.

H100 becomes the first public Swedish firm to adopt a Bitcoin treasury strategy joining a growing list of global companies choosing Bitcoin as a corporate reserve asset.