- H100 Group raised $2.2M led by Adam Back to strengthen its Bitcoin treasury and boost digital healthcare infrastructure.
- Semler Scientific now holds 4,264 BTC worth $457M after a fresh $50M purchase, marking a 25.8% yield in 2025.
- Convertible loans give H100 strategic flexibility and align investor interests with its long-term Bitcoin-focused vision.
Sweden’s H100 Group AB has secured SEK 21 million (US$2.2 million) in a strategic financing round led by Adam Back. The healthcare firm aims to use the capital for Bitcoin acquisitions, reinforcing its growing alignment with cryptocurrency as a core treasury strategy. Back subscribed to SEK 13.5 million, while notable investors like Morten Klein and Crafoord Capital contributed the remaining SEK 7.5 million.
The financing comes through zero-interest convertible loan agreements maturing on June 15, 2028. These can convert into H100 shares at SEK 1.3 each, offering flexibility for both the company and investors. If the stock trades 33% above this price for 60 straight trading days, conversion becomes mandatory. This structure ensures investor alignment with the company’s long-term performance.
Convertible Loans Support Strategic Bitcoin Integration
H100 Group chose convertible loans over traditional rights issues after careful analysis of cost, market interest, and investor fit. Hence, the board emphasized capital efficiency and strategic value in its decision-making process. The model lowers financial complexity while aligning investor interest with the company’s Bitcoin-focused direction.
Full conversion would introduce 16,153,846 new shares, resulting in a 12% dilution at current levels. However, the move positions H100 to implement its Bitcoin treasury plan with agility. Moreover, the flexible structure allows the firm to respond to market conditions and optimize conversion timing.
Semler Scientific Expands BTC Holdings to Over $450M
Meanwhile, US-based Semler Scientific also deepened its Bitcoin commitment. The firm disclosed a $50 million BTC purchase in a recent SEC filing. Between May 13 and May 22, Semler bought 455 BTC at an average of $109,801 per coin. Consequently, the company now holds 4,264 BTC worth around $457 million, making it the 13th largest corporate Bitcoin holder globally.
Additionally, Chairman Eric Semler revealed a 25.8% yield on BTC holdings this year. Semler adopted Bitcoin as a treasury asset in 2024, following Strategy’s lead. Strategy remains the top corporate holder with 576,230 BTC, valued above $62 billion.
