Swedish health firm jumps 37% on first Bitcoin buy, China EV seller to buy 1K BTC
H100 Group AB shares increased by 37% after the company announced its first Bitcoin purchase, acquiring 4.39 BTC for 5 million Norwegian krone ($490,830) at an average price of $111,785. This purchase is part of a new strategy aimed at aligning with values of individual sovereignty in the Bitcoin community. H100's shares closed at 1.22 Swedish krona ($0.13) on May 22, recovering some losses from a previous 46% decline over two months. CEO Sander Andersen indicated this purchase marks "Phase 1" of potential further acquisitions. Concurrently, Jiuzi Holdings plans to acquire 1,000 Bitcoin over the next year through stock issuance and cash purchases, aiming to enhance its asset structure and profitability despite Bitcoin's volatility. Jiuzi's shares rose 7.3% to $3.09 on the same day. Currently, 109 public firms hold Bitcoin as a treasury asset.
