Currencies33455
Market Cap$ 3.60T+0.57%
24h Spot Volume$ 65.68B-0.13%
DominanceBTC60.15%-0.41%ETH8.85%+2.15%
ETH Gas0.97 Gwei
Cryptorank
MainNewsAdam Back In...

Adam Back Injects $1.4 Million into Swedish Firm Turning to BTC


by Danielle du Toit
for Coinpaper
Adam Back Injects $1.4 Million into Swedish Firm Turning to BTC

The funding follows H100’s announcement to integrate Bitcoin into its corporate treasury, which made it Sweden’s first public company to do so. The capital, secured through convertible loans, will enable H100 to purchase about 20.18 Bitcoin. Meanwhile, Strategy co-founder Michael Saylor teased another Bitcoin purchase after the firm’s recent acquisition of 7,390 BTC. Additionally, Cardone Capital launched its fourth hybrid real estate and Bitcoin fund, aiming to redefine asset diversification by blending commercial property cash flow with BTC accumulation.

H100 Buys Bitcoin and Secures $2.2 Million

Swedish health tech company H100 Group AB secured 21 million Swedish krona (or approximately $2.2 million) in a new funding round led by Blockstream CEO and renowned Bitcoin advocate Adam Back. The funding was announced just days after H100 revealed its pivot toward adopting Bitcoin as part of its corporate treasury strategy. 

Adam Back personally contributed around $1.4 million to the round, with the remaining $800,000 coming from investment firms including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners.

The funds were raised through interest-free convertible loans that mature in June of 2028, with investors given the option to convert their loans into equity at a rate of 1.3 Swedish krona (approximately 11 cents) per share. If H100’s stock price trades at least 33% above that conversion price for a cumulative total of 60 trading days, the company may mandate conversion, which could result in the issuance of over 16 million new shares and a potential 12% dilution.

At current prices, the new capital will enable H100 to purchase about 20.18 Bitcoin, adding to the 4.39 Bitcoin it acquired on May 22. This would bring its total holdings to approximately 24.57 Bitcoin, making it the first public company in Sweden to adopt a Bitcoin treasury policy and one of the earliest adopters in Europe. The decision already impacted the market, with H100’s shares rising 37% on the day of the announcement and a further 5.33% the next day, climbing to 1.29 SEK (14 cents), according to Bloomberg data.

H100’s CEO, Sander Andersen, stated that the company's mission to provide proactive health tools outside of the traditional healthcare system resonates with the values of individual sovereignty found in the Bitcoin community. The company plans to appeal to customers seeking more control over their health decisions, which is similar to the ethos that drives Bitcoin adoption.

H100 now joins a growing list of companies integrating Bitcoin into their balance sheets. Data from BitcoinTreasuries.NET shows that 112 public firms globally hold Bitcoin, with only ten of those based in Europe. 

Saylor Hints at More Bitcoin Buys

Michael Saylor, co-founder of Strategy, also recently hinted at another Bitcoin purchase by the company after the asset’s pullback from its record high of $112,000 on May 22. In a post to his followers on X, Saylor reaffirmed his conviction in Bitcoin by stating, ”I only buy Bitcoin with money I can't afford to lose.”

The statement was made shortly after Strategy’s latest acquisition of 7,390 BTC on May 19, which was valued at nearly $765 million. This brought the firm’s total holdings to 576,230 BTC. Should another buy occur on May 26, it will be Strategy’s seventh consecutive week of Bitcoin accumulation.

Strategy firmly established itself as the corporate face of Bitcoin adoption, with its relentless accumulation of BTC for treasury purposes influencing an institutional trend. This sustained demand from major entities like Strategy is widely seen as a key factor supporting Bitcoin’s current valuation levels and long-term bullish outlook. Some market analysts believe Strategy’s approach could ultimately propel it into uncharted corporate territory.

<iframe width=”560” height=”315” src=”https://www.youtube.com/embed/O_WjH0mqKww?si=NXicDil8ieIf3DlJ” title=”YouTube video player” frameborder=”0” allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” referrerpolicy=”strict-origin-when-cross-origin” allowfullscreen></iframe>

Jeff Walton, a financial analyst, predicted that Strategy could eventually become a $10 trillion enterprise, and could surpass all other publicly traded companies in value. Walton argued that no other firm holds as much ”pristine collateral” as Strategy does, and believes that while most companies struggle to raise capital, Strategy managed to secure billions in under two months. Instead of using that capital for traditional operational expenditures, Strategy channels it into Bitcoin, which positioned it as a high-conviction outlier in corporate finance.

Saylor consistently described Bitcoin as the world’s best long-term store of value, and projected that its price could reach millions of dollars per coin over the next few decades. He sees Bitcoin’s fixed supply as a fundamental advantage over fiat currencies, which are subject to inflationary pressure and policy manipulation.

Nonetheless, Bitcoin still faced some difficulty climbing past the $150,000 mark. Saylor attributed this stagnation to short-term profit-taking and a lack of long-term conviction among some investors.

Hybrid Fund Offers Real Estate and Bitcoin Exposure

Cardone Capital, a real estate investment firm managing more than $5 billion in assets, launched the 10X Miami River Bitcoin Fund. This is an innovative dual-asset fund combining a 346-unit multifamily commercial property on the Miami River in Miami, Florida, with $15 million worth of Bitcoin. It is the firm’s fourth hybrid investment vehicle blending income-generating real estate with BTC, and its goal is to redefine how investors gain exposure to both asset classes.

Grant Cardone, founder and CEO of Cardone Capital, revealed that the idea for the fund was sparked by a suggestion from his brother, who asked him to consider the historical impact of converting real estate cash flow into Bitcoin over the past 12 years. After discovering that such a strategy could have turned $160 million into approximately $3 billion, Cardone was inspired to create a fund that buys real estate, adds Bitcoin to the mix, and uses the real estate’s monthly cash flows to purchase more BTC over time.

(Source: Cardone Capital)

Cardone’s long-term vision is for the firm to buy $1 billion in real estate and $200 million in Bitcoin as treasury assets across its hybrid fund offerings. By merging income-producing hard assets with Bitcoin’s deflationary properties as a store of value, the firm is positioning itself as a disruptive force in the real estate investment landscape, and could potentially challenge the appeal of traditional REITs and other commercial real estate funds.

Grant Cardone

A core mission of these blended funds is to make Bitcoin more accessible to investors who may shy away from the asset because of its technical complexities. Cardone explained that the fund allows investors to participate in real estate—a familiar and trusted vehicle—while also seamlessly gaining exposure to Bitcoin, which the firm manages on their behalf. To promote adoption, Cardone Capital is exploring innovative initiatives like rewarding tenants with Satoshis for good rental behavior, which could help introduce them to Bitcoin without the need for technical knowledge.

Cardone also mentioned ongoing collaborations with financial firms to develop a hybrid Bitcoin mortgage product, which could allow clients to borrow against both their Bitcoin holdings and real estate equity.

Read the article at Coinpaper
MainNewsAdam Back In...

Adam Back Injects $1.4 Million into Swedish Firm Turning to BTC


by Danielle du Toit
for Coinpaper
Adam Back Injects $1.4 Million into Swedish Firm Turning to BTC

The funding follows H100’s announcement to integrate Bitcoin into its corporate treasury, which made it Sweden’s first public company to do so. The capital, secured through convertible loans, will enable H100 to purchase about 20.18 Bitcoin. Meanwhile, Strategy co-founder Michael Saylor teased another Bitcoin purchase after the firm’s recent acquisition of 7,390 BTC. Additionally, Cardone Capital launched its fourth hybrid real estate and Bitcoin fund, aiming to redefine asset diversification by blending commercial property cash flow with BTC accumulation.

H100 Buys Bitcoin and Secures $2.2 Million

Swedish health tech company H100 Group AB secured 21 million Swedish krona (or approximately $2.2 million) in a new funding round led by Blockstream CEO and renowned Bitcoin advocate Adam Back. The funding was announced just days after H100 revealed its pivot toward adopting Bitcoin as part of its corporate treasury strategy. 

Adam Back personally contributed around $1.4 million to the round, with the remaining $800,000 coming from investment firms including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners.

The funds were raised through interest-free convertible loans that mature in June of 2028, with investors given the option to convert their loans into equity at a rate of 1.3 Swedish krona (approximately 11 cents) per share. If H100’s stock price trades at least 33% above that conversion price for a cumulative total of 60 trading days, the company may mandate conversion, which could result in the issuance of over 16 million new shares and a potential 12% dilution.

At current prices, the new capital will enable H100 to purchase about 20.18 Bitcoin, adding to the 4.39 Bitcoin it acquired on May 22. This would bring its total holdings to approximately 24.57 Bitcoin, making it the first public company in Sweden to adopt a Bitcoin treasury policy and one of the earliest adopters in Europe. The decision already impacted the market, with H100’s shares rising 37% on the day of the announcement and a further 5.33% the next day, climbing to 1.29 SEK (14 cents), according to Bloomberg data.

H100’s CEO, Sander Andersen, stated that the company's mission to provide proactive health tools outside of the traditional healthcare system resonates with the values of individual sovereignty found in the Bitcoin community. The company plans to appeal to customers seeking more control over their health decisions, which is similar to the ethos that drives Bitcoin adoption.

H100 now joins a growing list of companies integrating Bitcoin into their balance sheets. Data from BitcoinTreasuries.NET shows that 112 public firms globally hold Bitcoin, with only ten of those based in Europe. 

Saylor Hints at More Bitcoin Buys

Michael Saylor, co-founder of Strategy, also recently hinted at another Bitcoin purchase by the company after the asset’s pullback from its record high of $112,000 on May 22. In a post to his followers on X, Saylor reaffirmed his conviction in Bitcoin by stating, ”I only buy Bitcoin with money I can't afford to lose.”

The statement was made shortly after Strategy’s latest acquisition of 7,390 BTC on May 19, which was valued at nearly $765 million. This brought the firm’s total holdings to 576,230 BTC. Should another buy occur on May 26, it will be Strategy’s seventh consecutive week of Bitcoin accumulation.

Strategy firmly established itself as the corporate face of Bitcoin adoption, with its relentless accumulation of BTC for treasury purposes influencing an institutional trend. This sustained demand from major entities like Strategy is widely seen as a key factor supporting Bitcoin’s current valuation levels and long-term bullish outlook. Some market analysts believe Strategy’s approach could ultimately propel it into uncharted corporate territory.

<iframe width=”560” height=”315” src=”https://www.youtube.com/embed/O_WjH0mqKww?si=NXicDil8ieIf3DlJ” title=”YouTube video player” frameborder=”0” allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” referrerpolicy=”strict-origin-when-cross-origin” allowfullscreen></iframe>

Jeff Walton, a financial analyst, predicted that Strategy could eventually become a $10 trillion enterprise, and could surpass all other publicly traded companies in value. Walton argued that no other firm holds as much ”pristine collateral” as Strategy does, and believes that while most companies struggle to raise capital, Strategy managed to secure billions in under two months. Instead of using that capital for traditional operational expenditures, Strategy channels it into Bitcoin, which positioned it as a high-conviction outlier in corporate finance.

Saylor consistently described Bitcoin as the world’s best long-term store of value, and projected that its price could reach millions of dollars per coin over the next few decades. He sees Bitcoin’s fixed supply as a fundamental advantage over fiat currencies, which are subject to inflationary pressure and policy manipulation.

Nonetheless, Bitcoin still faced some difficulty climbing past the $150,000 mark. Saylor attributed this stagnation to short-term profit-taking and a lack of long-term conviction among some investors.

Hybrid Fund Offers Real Estate and Bitcoin Exposure

Cardone Capital, a real estate investment firm managing more than $5 billion in assets, launched the 10X Miami River Bitcoin Fund. This is an innovative dual-asset fund combining a 346-unit multifamily commercial property on the Miami River in Miami, Florida, with $15 million worth of Bitcoin. It is the firm’s fourth hybrid investment vehicle blending income-generating real estate with BTC, and its goal is to redefine how investors gain exposure to both asset classes.

Grant Cardone, founder and CEO of Cardone Capital, revealed that the idea for the fund was sparked by a suggestion from his brother, who asked him to consider the historical impact of converting real estate cash flow into Bitcoin over the past 12 years. After discovering that such a strategy could have turned $160 million into approximately $3 billion, Cardone was inspired to create a fund that buys real estate, adds Bitcoin to the mix, and uses the real estate’s monthly cash flows to purchase more BTC over time.

(Source: Cardone Capital)

Cardone’s long-term vision is for the firm to buy $1 billion in real estate and $200 million in Bitcoin as treasury assets across its hybrid fund offerings. By merging income-producing hard assets with Bitcoin’s deflationary properties as a store of value, the firm is positioning itself as a disruptive force in the real estate investment landscape, and could potentially challenge the appeal of traditional REITs and other commercial real estate funds.

Grant Cardone

A core mission of these blended funds is to make Bitcoin more accessible to investors who may shy away from the asset because of its technical complexities. Cardone explained that the fund allows investors to participate in real estate—a familiar and trusted vehicle—while also seamlessly gaining exposure to Bitcoin, which the firm manages on their behalf. To promote adoption, Cardone Capital is exploring innovative initiatives like rewarding tenants with Satoshis for good rental behavior, which could help introduce them to Bitcoin without the need for technical knowledge.

Cardone also mentioned ongoing collaborations with financial firms to develop a hybrid Bitcoin mortgage product, which could allow clients to borrow against both their Bitcoin holdings and real estate equity.

Read the article at Coinpaper