Latest news with #H100Group
Economic Times
2 days ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Optalysys Launches Innovative Blockchain Server
17 Jun 2025 | 01:55:10 AM IST Optalysys has unveiled a groundbreaking server for blockchains that processes data securely without decryption, using 40% less energy than traditional GPU systems. In recent developments, Optalysys has introduced the LightLocker node, touted as the world's first server designed for blockchain applications that utilizes Fully Homomorphic Encryption (FHE). This innovation promises to enhance secure computing while significantly reducing energy consumption. Meanwhile, H100 Group is making strides in the cryptocurrency space, aiming to raise up to $79 million to bolster its bitcoin investment strategy, with Blockstream CEO Adam Back already contributing $15 million. In a notable shift, JPMorgan Chase has filed a trademark for its crypto platform, JPMD, indicating a deeper commitment to digital assets, despite CEO Jamie Dimon's previous skepticism. Additionally, Binance is actively engaging its community with the launch of its 24th Exclusive Token Generation Event featuring Bombie (BOMB) and a new two-phase claiming system for its Alpha Airdrops, set to begin on June 19, 2025. These developments reflect a growing trend of traditional finance embracing cryptocurrency, while innovative startups continue to push the boundaries of blockchain technology. Show more
Yahoo
2 days ago
- Business
- Yahoo
H100 Group Targets $79 Million Raise to Power Bitcoin Strategy
H100 Group (H100), a Swedish health-technology company, said it reached an agreement that could see Blockstream CEO Adam Back lend it as much as 750 million kronor ($79 million) to support its long-term bitcoin BTC treasury strategy. Back signed up for an initial 150 million-krona tranche, known as Tranche 6, of a convertible loan. He also holds a right to participate in two follow-up tranches, each currently set at 75 million kronor, though the company intends to that amount if market conditions allow. The financing structure prioritizes speed and cost-efficiency over a traditional rights issue and allows Stockholm-based H100 to invite other investors on equal terms. Convertible loan terms were set through arm's length negotiations, with Tranche 6 priced at 6.38 kronor per share, a 33% premium to market. "Unexpectedly, given the strong reception, Tranches 1-4 became in-the-money rapidly," Back said in a statement to CoinDesk. "I was expecting [H100] would convert them over time as they reached in-the-money status".H100 Group currently holds 24.41 BTC, according to The company's shares 22% on Monday. Sign in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
Sweden's H100 Group Rallies Another 30% After Raising $10M for Bitcoin Treasury Strategy
Sweden-based H100 Group, a publicly-traded health and longevity company that recently adopted a bitcoin BTC strategy, said it has raised $10.5 million (SEK 101 million) from a group of crypto-focused investors including Blockstream CEO Adam Back, UTXO Management, and several family offices. According to a Wednesday press release, the fundraising was split between SEK 69.65 million in two share issues and SEK 31.35 million in convertible loans. The share issues saw participation from a mix of crypto investors and Nordic family offices. The convertible loans carry no interest and mature in five years. Investors can convert the loans into equity at SEK 1.75 per share. H100 shares advanced another 30% in the Wednesday session, and have now gained nearly 400% since the firm's first BTC purchase on May 22. This was the first tranche of a broader funding plan first announced earlier and could grow further in future rounds, the company said. H100's stated aim is to use the capital to bolster its BTC treasury strategy. H100 Group, led by CEO Sander Andersen, is part of a growing trend of public firms raising funds via share and debt issuances to buy cryptocurrencies to their balance sheets, a playbook popularized by Michael Saylor's Strategy (MSTR).
