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H100 Group raised $10.5 million to strengthen its Bitcoin funding strategy.
Odaily H100 Group announced the completion of a $10.5 million (SEK 101 million) funding round that will be used to expand its Bitcoin reserve strategy. Investors include Blockstream CEO Adam Back, UTXO Management, and several family offices. The financing was divided into a share issuance of CZK 69.65 million and an interest-free convertible bond of CZK 31.35 million, which could be converted into shares at a rate of 1.75 CZK per share. Since the first Bitcoin purchase on May 22, the H100 stock price has risen nearly 400%. (CoinDesk)