H100 Group AB, a Swedish healthtech company, has adopted Bitcoin as a treasury reserve asset, purchasing approximately 4.39 BTC for 5 million Norwegian kroner (~$491,000). This marks the first publicly listed Swedish healthtech firm to invest in Bitcoin for treasury purposes. CEO Sander Andersen emphasized the alignment of Bitcoin's individual sovereignty values with their company's ethos and customer base.
The announcement led to a 37% surge in the company’s stock price, recovering losses sustained over the past two months. Andersen described the initial purchase as "Phase 1," indicating plans for additional acquisitions. This strategic move aligns H100 with other global corporations such as Tesla and Square that use Bitcoin as a hedge and asset diversification method.
Separately, Chinese Nasdaq-listed electric vehicle retailer Jiuzi Holdings announced a plan to buy 1,000 Bitcoin over the next year via stock issuance and cash purchases to strengthen its asset structure and risk resilience. The company’s shares rose modestly by 7.3% following the announcement.
The corporate adoption of Bitcoin continues to grow, with over 100 public firms holding Bitcoin on their balance sheets, signaling increasing acceptance of cryptocurrency as a stable and strategic treasury reserve.