Swedish-based technology company H100 Group has announced that it has raised approximately 14.1 million Swedish crowns (SEKs) through directed share issuances to qualified investors.
Swedish H100 Group raises 14.1 million Sex for Bitcoin Strategy
As determined by the Company’s board of directors, a total of 1,523,089 new shares have been issued at a price of 9.30 sec per share. The transaction was carried out in line with the evaluation strategy of the Bitcoin First Ministry of Finance, the H100 Group.
According to the company’s statement, net revenue will be used to pursue new growth and investment opportunities focused on Bitcoin investment. The H100 Group aims to strengthen its position in the digital assets sector and further integrate its institutional Bitcoin strategy.
Meanwhile, the company has not neglected to warn investors by reminding them that the release of this press release in certain countries (such as the US, Canada, Japan, Australia, etc.) could be subject to legal restrictions.
The development once again reveals that institutional interest in Bitcoin is growing in Europe and businesses are accelerating strategic steps in this sector.
*This is not investment advice.