H100 Group AB has increased its Bitcoin holdings by purchasing an additional 47.33 Bitcoin, bringing their total BTC holdings to 247.54 BTC.
The acquisition was valued at SEK 48,999,597 and was executed at an average price of SEK 1,035,126 per BTC, reinforcing H100's confidence in Bitcoin as a long-term reserve asset.
This purchase follows a previous acquisition of 144.8 BTC from a convertible loan agreement, showcasing H100's strategic focus on building a Bitcoin-denominated treasury.
The broader funding initiative, led by Blockstream's CEO Adam Back, allows H100 to receive settlement in either cash or Bitcoin, with a recent SEK 150 million investment in Tranche 6. H100 aims to incorporate Bitcoin as a hedge and financial asset.