Sweden's H100 Group Initiates Country's First Bitcoin Strategy for a Listed Company

Sweden's listed company, H100 Group AB, has invested 5 million Norwegian Krone (equivalent to $500,000) to purchase 4.39 bitcoins (BTC), initiating the country's first cryptocurrency reserve strategy by a listed company. The company, primarily engaged in providing medical technology solutions, decided to invest in Bitcoin as a strategic operation of surplus funds. CEO Sander Andersen stated in a declaration, 'As a technology-driven growth company, holding cryptocurrencies on our balance sheet is becoming more common, and a diversified reserve portfolio beyond just cash can be beneficial to corporate profits.' The company is the first listed medical...