Adam Back, a cryptography legend, has led a $2.2 million funding round for Swedish health tech firm H100 Group AB to boost its Bitcoin holdings, marking a bold fusion of healthcare and cryptocurrency.
H100, a Stockholm-based company focused on AI-driven healthcare automation, secured 21 million Swedish krona ($2.2 million) via 0% interest convertible loans on 25 May 2025. Back, Blockstream’s CEO and a Bitcoin cypherpunk, contributed $1.4 million, with $800,000 from investors like Morten Klein and Crafoord Capital Partners. The funds will buy 20.18 Bitcoin, adding to H100’s 4.39 Bitcoin acquired on 22 May, totalling 24.57 Bitcoin. The announcement spiked H100’s shares by 37% on 22 May, reaching 1.29 SEK (14 US cents).
This makes H100 Sweden’s first publicly listed firm to adopt Bitcoin as a reserve asset, aligning with its mission of individual sovereignty. CEO Sander Andersen said on X, “Bitcoin’s values of financial independence resonate with our health platform’s focus on personal agency.” H100’s tools empower users to manage health proactively, and Bitcoin diversifies its treasury to hedge inflation without affecting core operations.
Back’s involvement carries weight. His Hashcash invention influenced Bitcoin’s design, and his $1.4 million stake signals confidence in blending traditional industries with crypto. The loans, maturing in June 2028, allow conversion to equity at 1.3 SEK per share, risking 12% dilution.
H100 joins 112 global companies holding Bitcoin, per BitcoinTreasuries.NET, with only ten in Europe, making it a regional pioneer. Sweden’s growing crypto advocacy, backed by lawmakers like Dennis Dioukarev, supports this trend. Despite Bitcoin’s volatility—peaking at $111,970 on 22 May—H100’s move reflects a strategic bet on its long-term value, though regulatory risks loom.
This pioneering step, backed by Back, positions H100 at the forefront of corporate Bitcoin adoption, potentially setting a precedent for integrating crypto into traditional sectors.
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