Swedish health firm jumps 37% on first Bitcoin buy, China EV seller to buy 1K BTC

Shares successful Swedish wellness tech institution H100 Group AB roseate 37% aft it said it purchased Bitcoin for the archetypal clip arsenic portion of a caller strategy, portion China’s Jiuzi Holdings revealed its program to stack 1,000 Bitcoin implicit the adjacent year.

H100 said connected May 22 that it spent 5 cardinal Norwegian krone ($490,830) buying 4.39 Bitcoin (BTC) astatine an mean purchasing terms of astir $111,785.

The company’s shares closed May 22 trading up 37% to 1.22 Swedish krona ($0.13) connected the Nordic Growth Market following its disclosure of its Bitcoin purchase, Bloomberg data shows. 

Source: H100

The beardown trading time recovered immoderate losses from the past 2 months, during which the firm’s shares person fallen by implicit 46%.

H100’s alteration successful stock terms truthful acold successful 2025. Source: Bloomberg

The firm’s CEO, Sander Andersen, said helium believes “the values of idiosyncratic sovereignty highly contiguous successful the Bitcoin assemblage aligns good with, and volition entreaty to, the customers and communities we are gathering the H100 level for.”

H100 sells health tools for individuals who don’t privation to trust connected the “reactive wellness system,” Andersen said successful a abstracted X post.

Andersen marked the archetypal Bitcoin announcement and acquisition arsenic “Phase 1,” hinting astatine further buys.

China’s Jiuzi Holdings to stack 1,000 Bitcoin

Meanwhile, connected May 22, the Nasdaq-listed Chinese electric conveyance retailer Jiuzi Holdings said its committee approved a program to bargain 1,000 Bitcoin implicit the adjacent twelvemonth done further banal issuance and currency purchases.

Related: Bitcoin continues rally to surpass $110K for the archetypal time

The company’s CEO, Tao Li, acknowledged the volatility that comes with investing successful Bitcoin but is hopeful the determination volition fortify the firm's plus structure, hazard absorption and profitability.

Jiuzi (JZXN) roseate 7.3% to $3.09 connected May 22, Google Finance data shows — a comparatively insignificant emergence compared to different nationalist companies that person precocious announced Bitcoin buys.

Adopting Bitcoin arsenic a treasury asset has go an progressively fashionable inclination of late, with 109 nationalist firms present holding the cryptocurrency connected their equilibrium sheets, according to BitcoinTreasuries.NET data.

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