H100 Group AB, a health tech company in Sweden, has witnessed a rise of 37% in its shares after the announcement of purchasing Bitcoin for the first time as part of its new strategy.  At the same time, Jiuzi Holdings from China unveiled that it has a plan to stack

• Jiuzi  Holdings unveiled that its board recently approved a plan to purchase 1000 Bitcoin over 2026.
• The adoption of Bitcoin as a treasury asset is now a popular trend; around 109 public companies hold the crypto on their balance sheet. 

H100 Group AB, a health tech company in Sweden, has witnessed a rise of 37% in its shares after the announcement of purchasing Bitcoin for the first time as part of its new strategy. 

At the same time, Jiuzi Holdings from China unveiled that it has a plan to stack 1,000 Bitcoins over the next year. On May 22, H100 announced that it had bought 4.39 Bitcoins worth 5 million Norwegian Krone. This purchase was made at an average purchasing price of around $111,785. 

As per the data from Bloomberg, on May  22, the company’s shares were trading up 37% to 1.22 Swedish krona at the time of market closing. In the last two months, the shares of the company fell by more than 46%, and yesterday’s event helped the firm recover some losses. 

The chief executive officer of H100, Sander Andresen, revealed that he believes that the value of individual sovereignty is primarily present in the Bitcoin community and will appeal to the consumers and communities we are making the H100 platform for.

Andrison made another post on X, mentioning that H100 sells health tools for people who do not want to depend on the reactive health system. Further, he hinted at further purchases of Bitcoin as he referred to this purchase as “Phase 1”. 

The Trend of Adoption 

On the same day, another firm, Jiuzi  Holdings, unveiled that its board recently approved a plan to purchase 1000 Bitcoin over 2026 via additional stock issuance and cash purchases.

The Chief Executive Officer of Jiuzi, Tao Li, accepts the uncertainty that Bitcoin holds, but is also optimistic that this step will boost the asset structure, risk resistance, and profitability of the firm. 

The data from Google Finance reveals that the company witnessed a 7.3% rise. However, this surge is not major compared to the surge in other public companies that followed the announcement of Bitcoin purchases. 

The adoption of Bitcoin as a treasury asset is now a popular trend; around 109 public companies hold the crypto on their balance sheet, as per the data from BitcoinTreasuries.NETdata. 

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