Sander Andersen, CEO of H100 and Finpeers, enjoys the view from his house in Lugano — but there is little time to rest. At a record pace, he is pouring in new investor capital and putting the money into bitcoin “as fast as we can.”
The past 48 hours have been a whirlwind for the H100, with several major news items leaving their mark on both its balance sheet and share price.
On Wednesday, H100 Group announced that the company has secured SEK 101 million in new financing. This consists of SEK 69.65 million through two directed issues, as well as SEK 31.35 million in convertible loans — a significant increase from the 21 million initially communicated for Tranche 1. Among the investors we find high-profile names such as Blockstream CEO Adam Back, UTXO Management, as well as a number of Nordic family offices and investment companies.
The convertible loans are interest-free, have a five-year maturity, and can be converted into shares at SEK 1.75 per share. This is the first part of a larger financing plan, in which more tranches could follow.
A new announcement on Thursday states that the lead investors in the convertible loan have triggered tranches 2–4 and immediately initiated the conversion of tranches 1–4. This has secured an additional SEK 127.1 million (USD 12.7 million) in capital, in addition to the SEK 101 million (USD 10.1 million) announced on Wednesday. Total capital raised so far: SEK 249.1 million (USD 24.9 million).
News of the capital raising had an immediate effect: the H100 stock rose 30% on Wednesday, and another 17% on Thursday around lunchtime, and has now risen by around 350% since the company announced its bitcoin strategy on May 22. The capital is used directly to buy bitcoin — on Thursday, H100 reported that they have purchased an additional 10.46 BTC, now sitting at a total of 24.41 BTC.
What makes H100's journey special is the interplay between capital raising, bitcoin purchases and share price development. Each news reinforces the next:
The company is thus following a strategy reminiscent of Michael Saylor's “bitcoin playbook” at MicroStrategy, but now with a Nordic and health-oriented starting point.
“GOOD MORNING! ☕️ I HAVE A GREAT FEELING ABOUT TODAY”
— Sander Andersen, on X/Twitter Wednesday morning
H100 has already written Swedish stock exchange history as the first listed company in Sweden -- and one of the first in Europe -- to include bitcoin as a strategic part of its balance sheet. This was extensively discussed in Kaupr, where Andersen has also explained how H100 wants to be a role model for operational companies that want to integrate bitcoin into their strategy. The company has gained international attention as a pioneer in the Nordic region, with the stock rising close to 40% after the first bitcoin news in May! 1! 3.
Kaupr has also interviewed Sander Andersen about his vision for “Bitcoin Equity”, and how Finpeers and H100 are exploring synergies between bitcoin and corporate structure. These previous articles provide important background for understanding the H100's offensive strategy and positioning in the European market.
With SEK 122 million in fresh capital and a stock price that has gone right, H100 has positioned itself as one of the most offensive players in the Nordic bitcoin landscape.
Sander Andersen, CEO of H100 and Finpeers, enjoys the view from his house in Lugano — but there is little time to rest. At a record pace, he is pouring in new investor capital and putting the money into bitcoin “as fast as we can.”
The past 48 hours have been a whirlwind for the H100, with several major news items leaving their mark on both its balance sheet and share price.
On Wednesday, H100 Group announced that the company has secured SEK 101 million in new financing. This consists of SEK 69.65 million through two directed issues, as well as SEK 31.35 million in convertible loans — a significant increase from the 21 million initially communicated for Tranche 1. Among the investors we find high-profile names such as Blockstream CEO Adam Back, UTXO Management, as well as a number of Nordic family offices and investment companies.
The convertible loans are interest-free, have a five-year maturity, and can be converted into shares at SEK 1.75 per share. This is the first part of a larger financing plan, in which more tranches could follow.
A new announcement on Thursday states that the lead investors in the convertible loan have triggered tranches 2–4 and immediately initiated the conversion of tranches 1–4. This has secured an additional SEK 127.1 million (USD 12.7 million) in capital, in addition to the SEK 101 million (USD 10.1 million) announced on Wednesday. Total capital raised so far: SEK 249.1 million (USD 24.9 million).
News of the capital raising had an immediate effect: the H100 stock rose 30% on Wednesday, and another 17% on Thursday around lunchtime, and has now risen by around 350% since the company announced its bitcoin strategy on May 22. The capital is used directly to buy bitcoin — on Thursday, H100 reported that they have purchased an additional 10.46 BTC, now sitting at a total of 24.41 BTC.
What makes H100's journey special is the interplay between capital raising, bitcoin purchases and share price development. Each news reinforces the next:
The company is thus following a strategy reminiscent of Michael Saylor's “bitcoin playbook” at MicroStrategy, but now with a Nordic and health-oriented starting point.
“GOOD MORNING! ☕️ I HAVE A GREAT FEELING ABOUT TODAY”
— Sander Andersen, on X/Twitter Wednesday morning
H100 has already written Swedish stock exchange history as the first listed company in Sweden -- and one of the first in Europe -- to include bitcoin as a strategic part of its balance sheet. This was extensively discussed in Kaupr, where Andersen has also explained how H100 wants to be a role model for operational companies that want to integrate bitcoin into their strategy. The company has gained international attention as a pioneer in the Nordic region, with the stock rising close to 40% after the first bitcoin news in May! 1! 3.
Kaupr has also interviewed Sander Andersen about his vision for “Bitcoin Equity”, and how Finpeers and H100 are exploring synergies between bitcoin and corporate structure. These previous articles provide important background for understanding the H100's offensive strategy and positioning in the European market.
With SEK 122 million in fresh capital and a stock price that has gone right, H100 has positioned itself as one of the most offensive players in the Nordic bitcoin landscape.