Blockstream CEO Adam Back has spearheaded a 21 million Swedish krona ($2.2 million) funding round for Swedish health tech firm H100 Group AB. The company recently announced its shift towards purchasing Bitcoin, with the funds obtained through interest-free convertible loans. Back, a prominent figure in the Bitcoin community, contributed $1.4 million, while the rest came from various investment firms. This funding enables H100 to acquire approximately 20.18 Bitcoin, supplementing the 4.39 Bitcoin purchased earlier. The convertible loans have no interest and mature in 2028, with the option to convert into shares. H100's move to embrace Bitcoin aligns with its vision of empowering individuals in healthcare. The company's adoption of a Bitcoin treasury policy marks a significant step in Sweden and Europe, joining a growing number of firms integrating Bitcoin into their financial strategies. Read more AI-generated news on: https://app.chaingpt.org/news

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