Swedish-listed health tech firm H100 Group has secured a $15.82 million convertible loan from Adam Back the CEO of Blockstream to ramp up its Bitcoin accumulation. The funding is part of a larger agreement aimed at expanding the company’s long-term crypto treasury strategy. H100 plans to acquire more Bitcoin in multiple phases using structured financing.

The deal marks the second major crypto-related investment for H100 Group in just a few weeks. In late May the company raised $2.2 million through 0 percent interest convertible loans. Back contributed $1.4 million while other notable investors like Morten Klein and Crafoord Capital Partners added another $800000 collectively.

H100’s aggressive move reflects a growing trend among European companies turning to Bitcoin as a strategic asset. Other firms including The Smarter Web Company and Abraxas Capital have made similar high-stakes investments. The trend continues despite warnings from analysts who see corporate Bitcoin holdings as risky and potentially unsustainable.

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