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The stock price of Sweden's H100 Group rose big pump by 45% in a single day, due to the announcement of raising 10 million dollars for Bitcoin reserves.
Golden Finance reports that Swedish health technology company H100 Group AB announced on Wednesday that it has raised 101 million Swedish kronor (approximately 10.6 million USD) to accelerate the company's Bitcoin reserve strategy, causing its stock price to rise by 45%. H100's closing price on the Nordic Growth Market exchange was 4.64 kronor (approximately 0.49 USD), with a stock price increase of 280% since announcing its Bitcoin strategy on May 22, according to MarketWatch data. The $10.6 million financing scale is almost five times the $2.2 million financing led by Bitcoin cryptopunk Adam Back on May 25.