Sweden's H100 Group shares rose 45% in a single day after announcing it would raise US$10 million for Bitcoin reserves
Internet reported that Swedish health technology company H100 Group announced on Wednesday that it had raised 101 million Swedish kronor (approximately US$10.6 million) to accelerate the company's Bitcoin reserve strategy, causing its share price to surge 45%. H100 closed at 4.64 kroner (US$0.49) on the Nordic Growth Markets Stock Exchange, and its share price has risen 280% since announcing its Bitcoin strategy on May 22, MarketWatch data showed. The $10.6 million financing is almost five times the size of the $2.2 million financing led by Bitcoin cryptopunk Adam Back on May 25.
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