In an absolutely groundbreaking move—because why not?—H100 Group, the Swedish health tech behemoth, has somehow convinced Adam Back, the wizard behind Blockstream, to hand over a cool $15.82 million. This delightful convertible loan is, of course, part of their master plan to buy Bitcoin. Because what says “trustworthy asset allocation” like a digital currency that’s been known to do a couple of backflips in value?
On June 16, the illustrious Swedish company made the announcement to the world—no doubt amidst a cloud of confetti—that they’d signed an investment agreement with none other than Adam Back himself. The deal? A humble loan guarantee of 150 million SEK (that’s $15.82 million in case you’re wondering), earmarked for the purchase of Bitcoin. Not quite sure how the whole “long-term strategy” thing will pan out, but who’s counting when you have Bitcoin, right?
Oh, but don’t go thinking this is their first rodeo. Just last month, they raised a tidy sum of 21 million SEK ($2.2 million) through some zero-interest convertible loans. Adam Back chipped in a casual $1.4 million, with a smattering of smaller contributions from other investment outfits. Lovely, really, that the folks at Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners are all on the same page, betting on the future of Bitcoin… which, let’s face it, could either be brilliant or a colossal disaster.
But wait—there’s more! This latest fundraising bonanza is merely part of a much larger European trend. Just this month, The Blockchain Group, listed on Euronext Growth Paris (you know, just a small European exchange), secured shareholder approval to raise a staggering €10 billion for Bitcoin via some combination of bonds and equity issuances. Quite the move, really, though one can’t help but wonder if they’re simply buying tickets for the Bitcoin rollercoaster. 🚀💸
And, of course, it would be remiss not to mention that a few other European companies are jumping on the Bitcoin bandwagon. The Smarter Web Company, a U.K.-listed outfit, recently threw £2 million ($2.7 million) into the digital treasure chest, buying up 24.54 BTC and bringing its total stash to a whopping 83.24 BTC. Abraxas Capital, also U.K.-listed, made headlines in April by purchasing nearly 3,000 BTC, a bargain at around $250 million. Cheers to them, I suppose. 🍻
But here’s the kicker—while some analysts hail corporate Bitcoin treasuries as the “future of finance,” others think it’s a bit like putting all your eggs in a basket that occasionally bursts into flames. Sean Williams, a journalist with a particularly dry sense of humor, recently referred to these firms as “unprofitable entities relying on Bitcoin as a speculative lifeline.” Which, I suppose, is a generous way of saying “disaster waiting to happen.” But what do analysts know? 🤷♂️
Read More
- Jurassic World Rebirth Roars to Record-Breaking $300+ Million Opening: Can It Sustain the Hype?
- Top 8 UFC 5 Perks Every Fighter Should Use
- Cyberpunk 2077 Patch Tier List
- One Piece Episode 1135: Kuma’s Journey and Bonney’s Search for Truth – Release Date Revealed!
- USD ZAR PREDICTION
- All Suits, Hats, and Masks in Death Stranding 2
- Daemons of the Shadow Realm
- How to Get All 22 Bromides in Lunar 2: Eternal Blue
- Sims 4 Player Recreates Avatar’s Na’vi with Impressive Tattoos
- The Rise of the Ronin: Katanas Ranked
2025-06-16 13:40