H100 Group, a Swedish health technology firm, has announced plans to raise up to 750 million kronor (approximately $79 million) to bolster its strategy involving bitcoin treasury management.

Key Details:

• H100 has completed an initial funding tranche of 150 million kronor ($15 million) from Blockstream CEO Adam Back.
• The company will utilize a three-part tranche model to appropriately invest capital based on current market conditions.
• A convertible loan structure will provide quicker access to capital while aligning interests with significant backers.

In a statement about the deal, Adam Back noted, “Unexpectedly, given the strong reception, Tranches 1-4 became in-the-money rapidly. I was anticipating [H100] would convert them over time as they reached in-the-money status.” H100 presently holds 24.41 BTC according to BitcoinTreasuries.net. Its shares increased by 22% on Monday.