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bitcoin
Bitcoin (BITCOIN)
$118,053 -0.30%
ethereum
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binancecoin
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solana
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ripple
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Blockchain Group and H100 Double Down on Bitcoin with New Share Sales

Highlights:

  • The Blockchain Group now holds 1,955 BTC after recent share sale with TOBAM.
  • Its Bitcoin holdings have gained 1,373% in 2024 and €55.5M in total value.
  • H100 Group AB also raised SEK 14.1M to expand its growing Bitcoin treasury strategy.

The Blockchain Group recently bought 22 more Bitcoins after raising money through share sales. This brings its total Bitcoin holdings to nearly 2,000. Europe’s first company to hold Bitcoin as a treasury asset said it has completed a share sale under its ATM (At-The-Market) program with TOBAM.

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As of July 21, the company now owns 1,955 BTC, worth about $233.5 million. The Blockchain Group is listed on Euronext Growth Paris. The notice says the Blockchain Group’s Bitcoin holdings have earned a return of 1,373% so far this year and 7.5% this quarter. Overall, the company has gained 549.3 BTC in value since the start of the year, which is about €55.5 million.

As of July 21, Bitcoin is up 0.24% in the past 24 hours and is trading at a daily high of $119,451. It’s getting closer to the $120,000 mark. Bitcoin recently dropped after hitting a new all-time high last week. While it hasn’t reached that peak again, it has stayed between $117,000 and $119,000. Recently, the Blockchain Group told investors that it’s finishing the process to get listed on the U.S. OTCID market. This platform gives international companies a safe and regulated way to connect with U.S. investors.

H100 Group AB Raises SEK 14.1 Million to Expand Bitcoin Treasury Strategy

This move follows a similar trend seen in Sweden. H100 Group AB, a health tech firm holding Bitcoin, raised about SEK 14.1 million through a directed share sale. The money came from a group of experienced investors, including Evan Rosenberg, Loek Schellekens, and Sebastiaan Hendrik Gerrit Jan Ribbink. The offer includes up to 1,523,089 new shares, priced at SEK 9.30, matching the July 18 closing price. These new shares will slightly dilute the total share count by about 0.5%.

This latest fundraising is part of H100 Group AB’s push to become a leading Bitcoin treasury company in Europe. The company first got major investor attention in May when it bought 4.39 BTC for $490,000, causing its stock price to jump 40%. After the strong market reaction, H100 Group AB increased its focus on crypto, using the momentum to raise more money and buy more Bitcoin. Now, H100 holds about 370 BTC, worth around $44.06 million, putting it at 49th place among the world’s top public companies holding Bitcoin, based on BitcoinTreasuries data.

Kiyosaki Warns Crash, Waits to Buy BTC

This comes as Rich Dad Poor Dad author Robert Kiyosaki warned of a possible market crash. On Monday, he said that asset bubbles like Bitcoin, gold, and silver could soon burst. He believes a correction may bring a better time to buy. Last week, Kiyosaki said he would wait before buying more Bitcoin. He wants to see a clearer picture of the economy first. Earlier, he predicted Bitcoin could hit $250,000. But now, he’s being careful and doesn’t want to “get slaughtered” by buying too early.

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