Blockstream CEO Adam Back Commits Up to $79M to H100 Group’s Bitcoin Strategy

H100 Group, a Swedish health-tech firm, has secured a major commitment from Blockstream CEO Adam Back, who may lend up to 750 million Swedish kronor ($79 million) via a strategic convertible loan to bolster H100’s long-term Bitcoin (BTC) treasury initiative.

The first installment, known as Tranche 6, amounts to 150 million kronor, with Back retaining rights to participate in two additional tranches, each currently valued at 75 million kronor. The company noted that these amounts may be increased depending on market conditions.

Designed for efficiency, the funding structure opts for a convertible loan model over a traditional rights issue, enabling quicker capital deployment while giving equal investment terms to other participants. The convertible terms were finalized through arm’s-length negotiations, with Tranche 6 priced at 6.38 kronor per share — a 33% premium to H100’s current market price.

“Unexpectedly, given the strong reception, Tranches 1–4 became in-the-money rapidly,” Back told CoinDesk, adding he originally expected conversion to occur more gradually.

According to BitcoinTreasuries.net, H100 Group currently holds 24.41 BTC, reflecting its growing commitment to digital assets as part of its corporate strategy.

Following the announcement, H100 shares surged 22% on Monday, signaling strong investor enthusiasm for the firm’s deepening alignment with Bitcoin-focused treasury management.