According to PANews, Swedish health tech company H100 Group has announced an investment agreement with Blockstream co-founder Adam Back, securing an initial convertible bond financing commitment of 21 million Swedish kronor (approximately $2.1 million). Back also holds the right to increase his investment by up to 128 million Swedish kronor (approximately $12.8 million), with the total financing expected to reach 277 million Swedish kronor (approximately $27.7 million).
The funds are intended to support H100 Group's Bitcoin vault strategy, strengthen its balance sheet, and advance its vision for health tech infrastructure development. The conversion price is set between 1.75 and 5.00 Swedish kronor per share, with a loan term of five years and no interest.
