H100 Group Raises Bitcoin Treasury to 957 BTC with New Purchase
H100 Group has acquired an additional 46 BTC, raising its corporate Bitcoin treasury to 957 BTC, valued at about $108 million. The Swedish healthtech firm, specialising in AI-driven longevity research, allocates part of its cash reserves to Bitcoin as an inflation hedge. H100 Group’s average cost per BTC is $110,500, reflecting a 0.53% gain. In July, the company raised $54 million via equity and debt to fund further Bitcoin acquisitions and support its core operations. After its first BTC purchase in May, H100 Group’s stock jumped 40%. This move underscores the emergence of corporate Bitcoin treasuries in Europe, following similar strategies by France’s Blockchain Group and Sequans Communications.
Bullish
The news that H100 Group is expanding its Bitcoin treasury is bullish for the cryptocurrency market. Corporate accumulation signals growing institutional demand and confidence in Bitcoin as a store of value. Similar to MicroStrategy’s ongoing BTC purchases, H100 Group’s move can encourage other firms to adopt corporate Bitcoin treasury strategies. In the short term, the announcement may boost BTC prices on positive sentiment and trading volume. Over the long term, expanding corporate treasuries can support price stability and wider market adoption by demonstrating Bitcoin’s role in corporate financial strategies. The trend in Europe, marked by H100 Group and peers like Blockchain Group, suggests sustained demand from publicly traded firms, reinforcing a bullish outlook for Bitcoin.