H100 Group and Adam Back plan to raise 750 million Swedish kronor for Bitcoin purchases

Official Announcement: Swedish listed company H100 Group AB announced signing a new investment agreement with Bitcoin pioneer Adam Back, raising up to 750 million Swedish kronor (approximately $70.4 million) through convertible loans for its Bitcoin asset allocation strategy. According to the agreement, Adam Back will purchase the sixth round of financing for 150 million Swedish kronor, with subsequent rounds (seventh and eighth) each potentially reaching 75 million Swedish kronor, including priority and mandatory subscription rights. The current sixth round's conversion price is set at 6.38 Swedish kronor per share, at a 33% premium to the closing price on June 13. Subsequent rounds' conversion prices are 8.48 and 11.27 Swedish kronor per share, respectively. The H100 Board stated that the conversion pricing reflects market conditions, and this financing structure was chosen to quickly obtain funds and introduce strategically aligned investors to support the company's long-term Bitcoin reserve strategy while avoiding complex and high-cost traditional equity financing processes.