PANews reported on June 4 that Swedish health technology company H100 Group announced that it has signed an investment agreement with Blockstream co-founder Adam Back, obtaining the first convertible bond financing commitment of 21 million Swedish kronor (about 2.1 million US dollars). Back also has the right to invest up to 128 million Swedish kronor (about 12.8 million US dollars), and the total financing scale is expected to reach 277 million Swedish kronor (about 27.7 million US dollars).

The funds will allegedly be used to support H100 Group’s Bitcoin Treasury strategy, strengthen its balance sheet, and advance its vision in health technology infrastructure. The conversion price is set at between 1.75 and 5.00 Swedish kronor per share, with a five-year loan term and no interest.