PANews reported on May 26 that according to Cointelegraph, Blockstream CEO Adam Back led a round of financing of 21 million Swedish kronor (about 2.2 million US dollars) for Swedish health technology company H100 Group AB. The company said last week that it would start buying Bitcoin. On May 25, H100 said that it raised funds through a 0% interest convertible loan and would purchase Bitcoin according to the plan announced on May 22. Back invested about 1.4 million US dollars, and the remaining 800,000 US dollars came from investment companies such as Morten Klein.

After this round of financing, H100 can purchase about 20.18 bitcoins at the current market price. Together with the 4.39 bitcoins purchased previously, the total holding will reach about 24.57. The convertible loan is interest-free and expires on June 15, 2028. It can be converted into shares at any time at 1.3 Swedish kronor (11 cents) per share. If the weighted average price of H100's stock price remains above the conversion price by more than 33% within 60 trading days, the company has the right to force the conversion. A full conversion will issue about 16.15 million new shares, diluting about 12%.