Swedish company H100 Group has announced the acquisition of an additional 46 BTC, raising its total Bitcoin assets to 957 BTC.
Bitcoin Purchase and H100 Group Assets
H100 Group has acquired 46 BTC, increasing its total Bitcoin holdings to 957 BTC, valued at $108 million. The average acquisition cost of the Bitcoin is $110,500, resulting in a slight profit of 0.53%.
Company Strategy and Market Impact
Despite the presence of bitcoins in its treasury assets, H100 Group does not prioritize this. The company focuses on its healthtech business, applying AI in longevity research. However, H100 Group has utilized its Bitcoin treasury to enhance its market capitalization and raise funds for its core business. In July, the company raised $54 million through equity sales and debt, allowing it to increase its BTC purchases and attract new capital.
Growth of Bitcoin Treasuries in Europe
While Bitcoin treasuries are not yet as popular in Europe as in the United States, the trend is gradually establishing a foundation for growth. In November 2024, Blockchain Group became the first European company with a BTC treasury. Currently, the largest Bitcoin reserve among European firms is held by Sequans Communications, with a balance of 3,170 BTC.
By accumulating Bitcoin, H100 Group uses it as a hedge against inflation and an asset for increasing capitalization. The growing interest in Bitcoin treasuries in Europe also indicates possible market changes.
