H100 Group receives Adam Back's commitment of 21 million Swedish kronor convertible bonds, funds will be used for Bitcoin strategy

Swedish health technology company H100 Group announced that it has signed an investment agreement with Blockstream co-founder Adam Back, securing the first convertible bond financing commitment of 21 million Swedish kronor (approximately 2.1 million US dollars). Back also has the investment rights to add up to 128 million Swedish kronor (approximately 12.8 million US dollars), with an expected total financing scale of 277 million Swedish kronor (approximately 27.7 million US dollars). It is reported that the funds will be used to support H100 Group's Bitcoin vault strategy, strengthen its balance sheet, and promote its vision in the construction of health technology infrastructure. The conversion price is set between 1.75 and 5.00 Swedish kronor per share, with a loan term of five years and no interest.