Swedish investment firm H100 Group AB has announced the completion of a new share placement, raising SEK 109.19 million, approximately $10.4 million. The funds will be directed towards expanding its Bitcoin Treasury Strategy.
Details of the Share Placement
The share placement was finalized through the issuance of nearly 14 million new shares at a price of SEK 7.82 per share. This price reflects H100's closing price on the Nordic SME exchange on July 25.
Financial Performance and Strategy
Since launching its Bitcoin Treasury Strategy, H100 Group has now raised a total of SEK 1.095 billion (approximately $114 million) in gross proceeds. The company emphasizes that proceeds will be directed towards 'investment opportunities within the framework of the Company’s Bitcoin Treasury Strategy.'
International Market Expansion
H100 Group recently marked a significant milestone in its international expansion by officially joining the Frankfurt Stock Exchange under the ticker symbol GS9, allowing European investors to trade its shares in euros without requiring any new stock issuance.
H100 Group AB continues to actively implement a Bitcoin-based strategy, reflecting the growing interest in digital assets among investors amid global economic uncertainty.