menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Adam Back ...
source image

Bitcoinmagazine

1M

read

294

img
dot

Adam Back Invests SEK 21 Million to H100 Group Bitcoin Treasury Strategy

  • Adam Back has invested SEK 21 million in H100 Group's Bitcoin treasury strategy with the option to increase his investment to SEK 277 million through a convertible loan deal.
  • H100 Group AB secured a commitment of SEK 21 million from Adam Back, with potential to invest an additional SEK 128 million in tranches, totaling a raise of SEK 277 million.
  • Under the agreement, Back may invest up to SEK 128 million across four more tranches, with each tranche being twice his committed amount.
  • The convertible loans have no interest, a five-year maturity, and Back may convert them into shares of the Company at fixed conversion prices per tranche, ranging from SEK 1.75 to SEK 5.00 per share.

Read Full Article

like

17 Likes

For uninterrupted reading, download the app