To support the purchase, the company led a funding round of 22 million Swedish kronor (approximately $2.2 million).
On the 25th (local time), H100 announced that it would use the funds it secured in the form of interest-free convertible bonds to
Adam Back will directly invest $1.4 million in this round of funding, with the remaining $800,000 going to investment firm Morten.
Klein, Arundo Invest AS, Race Venture Scandinavia AB, Crafoord Capital
At the current market price, this amount would be enough to buy about 20.18 BTC, which is 4.3 times the amount that H100 already purchased on the 22nd.
The convertible bond will be issued without interest and will mature on June 15, 2028. The bond will be priced at 1.3 sway per share.
The shares can be converted into common stock at any time with a conversion price of 100,000 yuan (approximately 11 cents). In addition, if the H100 stock price is more than 33% higher than the conversion price on a cumulative average of 60 trading days,
If the bonds are fully converted, the company will have the right to convert the bonds into shares. If fully converted, the new shares will be issued at approximately 16,153,900 shares, which corresponds to a dilution of approximately 12%.
According to Bloomberg, H100 shares soared 37% on the 22nd after announcing its plans to buy Bitcoin, and rose another 5.33% the following day to close at 1.29 Swedish krona.
na (about 14 cents).
2025/05/26 13:03 KST
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