H100 Group receives 144.8 BTC in convertible loan transactions

Swedish health technology company H100 Group has received 144.8 BTC as part of a settlement related to the convertible loan agreement, according to a company’s press release issued Monday. With this latest deal, the Stockholm-based company holds a total of 169.2 BTC on its balance sheet.

144.8 BTC was transferred as part of the first four segments of the H100 loan agreement. This has been well received by investors up until now. In its release, H100 Group AB (“H100 Group” or “Company”) received 144.8 BTC as part of tranches 1-4 revenues under the previously announced convertible loan agreement.”

This follows a recent report that Blockstream CEO Adam Back has pledged to lead H100’s 750 million Kronor (~$79 million) funding initiative. Fixed with 150 million Krona injections in Tranche6.

The loan structure includes the flexibility of either cash or Bitcoin settlements. This will allow counterparties to choose BTC delivery, reduce Fiat friction and line up with the company’s long-term finance ministry’s outlook.

“Unexpectedly, given the strong reception, Tranche 1-4 quickly became money,” Buck told Koindsk. “(H100) expected them to convert over time when they reached their status in money.”

This financing approach allows the H100 to bypass traditional rights issues while carrying capital in a flexible way. Tranches 7 and 8 are on deck, with more room for size depending on the appetite of the market.

This also reflects the evolving financial strategy of the H100. While the company’s core business continues to focus on AI-driven health and longevity services, Bitcoin’s growth position is reshaping the way it raises, stores and deploys capital. As of now, the company’s BTC Holdings is 169.2 BTC from just 24.41 BTC prior to this latest tranche execution.

H100 shares rose 22% on Monday in response to developments.

The company is uniquely positioned at the intersection of health technology and decentralized finance as it continues to negotiate with future tranches and explores adoption of BTC as the backbone of finance.