Swedish health firm jumps 37% on first Bitcoin buy, China EV seller to buy 1K BTC
Swedish health tech firm H100 rallied 37% on the news of its Bitcoin treasury plan as a Chinese EV retailer announced plans to buy 1,000 Bitcoin.
Shares in Swedish health tech company H100 Group AB rose 37% after it said it purchased Bitcoin for the first time as part of a new strategy, while China’s Jiuzi Holdings revealed its plan to stack 1,000 Bitcoin over the next year.
H100 said on May 22 that it spent 5 million Norwegian krone ($490,830) buying 4.39 Bitcoin (BTC) at an average purchasing price of around $111,785.
The company’s shares closed May 22 trading up 37% to 1.22 Swedish krona ($0.13) on the Nordic Growth Market following its disclosure of its Bitcoin purchase, Bloomberg data shows.