Sweden's H100 Group shares surge 45% in a single day after announcing $10 million fundraising for Bitcoin reserves

Swedish health tech company H100 Group announced on Wednesday that it has raised 101 million SEK (approximately $10.6 million) to accelerate its Bitcoin reserve strategy, causing its share price to soar by 45%. H100 closed at 4.64 SEK (about $0.49) on the Nordic Growth Market stock exchange, marking a 280% increase in its share price since the announcement of its Bitcoin strategy on May 22, according to MarketWatch data. This $10.6 million fundraising round is nearly five times the size of the $2.2 million round led by Bitcoin cypherpunk Adam Back on May 25.