Adam Back Invests $2.1M in Sweden’s H100 Group

• Lyla Velez
• June 4, 2025
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Adam Back, CEO of Blockstream, invested $2.1 million in Sweden’s H100 Group on June 3, 2025, to support its Bitcoin treasury strategy.

H100 Group’s Bitcoin strategy highlights Sweden’s corporate shift towards Bitcoin as a treasury asset.

Adam Back has committed SEK 21 million through a convertible loan to support H100 Group’s new Bitcoin treasury policy. The investment aims to bolster H100’s position as the first publicly listed Swedish company embracing Bitcoin.

The deal includes the potential for an additional SEK 128 million investment across tranches. H100 Group anticipates its Bitcoin holdings to grow with Back’s backing. Meanwhile, the loan maturity extends to June 2028 with a 0% interest rate.

Other investors such as Morten Klein and Crafoord Capital Partners also contributed about $800,000, underscoring confidence in H100’s approach. The market perceives this shift as a hedge against inflation and currency risks.

“The investment signals continued confidence in Bitcoin as a treasury asset despite market volatility.” — Adam Back, CEO, Blockstream

Experts argue Bitcoin’s long-term appreciation makes it a suitable treasury asset. H100’s pivot aligns with moves by companies like MicroStrategy, leading the trend in Bitcoin treasury utilization. Increased Bitcoin reserves may have implications for regulatory frameworks in Sweden. H100’s strategy might influence other firms’ decisions to deploy similar treasury practices. This event potentially strengthens Bitcoin’s role as a corporate asset.