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H100’s strategic pivot backed by a cryptographer

by Larry Chiang on August 13, 2025

– Adam Back, Blockstream CEO and Bitcoin pioneer who invented Hashcash, has joined H100 as Head of Bitcoin Strategy, leveraging his early involvement with Satoshi Nakamoto to drive a SEK 65.3M ($6.86M) raise and acquisition of 45.8 BTC, signaling a bold shift for the Swedish health-tech firm into crypto investment.
– The funding, detailed in a CoinDesk article from June 2025, involves a convertible-loan structure with Back potentially lending up to SEK 750M ($79M), a strategy that accelerated beyond expectations with H100’s BTC holdings jumping from 24.41 to 45.8 BTC, hinting at a rapidly evolving Bitcoin treasury play.
– This move challenges the mainstream narrative of health-tech firms avoiding crypto, supported by H100’s strategic pivot backed by a cryptographer with a proven track record, though risks remain unquantified due to limited peer-reviewed studies on corporate Bitcoin adoption’s long-term financial impact.
 
 
Brian Brookshire (Bitcoin Overflow)
⁦‪@btc_overflow‬⁩
My first week at H100 so far:
✅ Head of Bitcoin Strategy onboarded (me)
✅ SEK 65.3M ($6.86M) raised
✅ 45.8 BTC acquired – Total 809 BTC
$HOGPF listing live on OTCID

And it’s only Wednesday!

 
8/13/25, 11:32 AM
 
 
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