Adam Back, the Chief Executive Officer of Blockstream, has helped H100 Group AB raise $2.2 million in funding. The move followed the company’s announcement last week that it would soon start buying BTC.
H100 Group AB is a Swedish health tech company that announced on May 25, 2025, that it would use the raised funds secured through 0% convertible to buy BTC following the debut of its Bitcoin adoption on May 22.
Adam Back, the British cryptographer and cypherpunk, has personally funded $1.4 million with the rest of the fund investment firms like Crafoord Capital Partners, Race Ventures Scandinavia AB, Morten Klein, and Alundo Invest AS.
The funding, structured as a 0% interest convertible loan, will enable H100 to buy roughly 20 1⁄2 BTCs at press time prices. Bitcoin is currently sitting at $109,678 with an intraday surge of 1.05%, and its market capitalization has crossed the $1.15 trillion milestone with a growth of roughly 10% in the past 30 days.
H100 Group AB already holds BTC valued at roughly $0.50 billion
Before this plan to raise $2.2 million in funding, H100 had already bought 4.39 Bitcoin for 5 million NOK. Following this acquisition of BTC, the company became the 1st publicly listed company in Sweden to buy Bitcoin using an investment strategy.
It is worth noting that after buying Bitcoin from the raised funds, H100 Group AB’s total Bitcoin holding will reach 24.57 BTC.
In its X post of May 25, 2025, H100 wrote, “ 21,000,000 SEK has been raised in a convertible round led by the legendary Adam Back,” adding, “ Accelerating our Bitcoin treasury strategy and strengthening our focus on sovereign health — let’s build!”
A quick brief of H100 Group AB stock price and revenue
The company underwent a name change from eBlitz Group AB to H100 Group AB, with the first trading day under the new name on April 23, 2025.
According to the data from TradingView, H100 Group stock price has registered a surge of 5.33% in the past trading session and has reached 1.285 SEK.
In other trading sessions, the performance of NGM:100 remains appreciable as it’s added 46.69% in a week and 1.58% in total in the YTD frame.
H100 Group AB (earlier eBlitz Group AB) reported revenue of 1.50 million SEK, down 38.68% from 2023. The company also reported a net loss of 9.77 million SEK, an increase of 66% from the previous year.
Increase Bitcoin adoption by publicly listed companies welcoming new milestones for crypto
After Strategy (earlier MicroStrategy), Metaplanet, Tesla Inc., and now H100 Group AB have joined the same list, and their decision to embrace Bitcoin as an investment vehicle by buying it has sent a strong message of the shift in interest of known companies from traditional investments.
The changing stances of publicly listed companies are opening new doors for the crypto market and especially Bitcoin to reach broader masses, as their embrace has created a positive sentiment among traders and investors.
Furthermore, market experts have praised the move of H100 Group AB to invest in Bitcoin, and further argue that in the coming sessions the stock as well finances of the company will surely reach a new milestone.
