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Blockstream co-founder Adam Back invests in the Swedish listed company H100, supporting its Bitcoin treasury strategy.
Gate News bot reported that H100, a Swedish listed company, has reached a new financing agreement with Blockstream co-creator Adam Back. Under the terms of the agreement, Adam Back will subscribe for the first tranche of SEK 150 million (approximately US$13.8 million) of convertible bonds. In addition, Adam Back has the right and obligation to subscribe for two additional tranches of SEK 75 million each over the next 90 days, for a total financing of up to SEK 750 million (approximately USD 69 million).
H100 indicates that all the funds raised will be used to implement the company’s Bitcoin treasury strategy.
Source: Wu Shuo
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