H100 Group raises $10.5 million to strengthen Bitcoin funding strategy

Odaily Planet Daily News: H100 Group announced the completion of $10.5 million (approximately SEK 101 million) in financing, which will be used to expand its Bitcoin reserve strategy. Investors include Blockstream CEO Adam Back, UTXO Management, and multiple family offices. The financing is divided into 69.65 million kroner share issuance and 31.35 million kroner interest free convertible bonds, the latter of which can be converted into stocks at a rate of 1.75 kroner per share. Since the first purchase of Bitcoin on May 22nd, the stock price of H100 has risen by nearly 400%. （CoinDesk）