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H100 Group Receives 144.8 BTC in Convertible Loan Deal
- H100 Group, a Swedish health-tech firm, receives 144.8 BTC through a convertible loan agreement settlement, bringing their total BTC holdings to 169.2 BTC.
- The 144.8 BTC was part of the first four segments of the loan agreement, well received by investors.
- Blockstream CEO Adam Back to lead a $79 million funding initiative for H100, with a 33% premium price over market shares.
- The loan structure offers settlement flexibility in cash or Bitcoin, supporting H100's long-term treasury outlook.
- Tranches 7 and 8 are planned, with potential size increases based on market interest.
- H100's strategic shift includes focusing on AI-driven health services along with leveraging Bitcoin for capital management.
- H100's stock surged 22% following the news.
- The firm's growing BTC holdings now reshape its approach to fundraising and financial activities.
- The company aims to integrate BTC into its financial framework while staying committed to health tech advancements.
- H100's evolving financial strategy combines health tech services with decentralized finance elements.
- The article suggests that H100 is uniquely positioned at the nexus of health tech and decentralized finance.
- The news article was written by Jenna Montgomery and first appeared on Bitcoin Magazine.
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