đ˘Swedish Biotech Stock Soars 37% After Snapping Up $500K in Bitcoinđ˘
Swedenâs H100 Group AB just bought 4.39 BTC worth nearly 5 million NOK (~$500,000), and investors went wildâsending its stock price soaring 37% in just 24 hours.
1ď¸âŁ Bitcoin on the Balance Sheet
The biotech firm acquired the Bitcoin at an average price of around $114,000 per coin, embracing BTC as a strategic reserve asset.
2ď¸âŁ Health Meets HODLing
CEO Sander Andersen says Bitcoinâs core valuesâindependence and individual freedomâperfectly align with H100âs mission to revolutionize health outside traditional systems.
3ď¸âŁ Joining the Trend
Andersen emphasized that H100 is following in the footsteps of other tech-forward companies leveraging Bitcoin to grow and future-proof their financial strategy.
CONTEXT:
This isnât just a one-off stunt. As more public companies dabble in crypto, Bitcoin is fast becoming the hottest âvitaminâ on corporate balance sheets. Whether for decentralization or diversificationâBTC is clearly making gains... and so are the stocks that hold it.