Shares of Swedish Health Tech Company H100 Group AB increased by 37 % when it said it bought BitCoin as part of a new strategy for the first time, while China’s GeoSy Holdings revealed its plan to stack 1,000 Bitcoin next year.
The H100 said on May 22 that it spent 5 million Norwegian Crons (90 490,830) to buy 4.39 bit coin (BTC) at an average purchase price of about $ 111,785.
Bloomberg data suggests that the company’s shares closed on May 22, after a 37 % increase, 1.22 Swedish Karuna ($ 0.13) closed after revealing the purchase of its bitcoin in the Nordic Growth Market.
The strong trade day has yielded some losses over the past two months, during which the shares of the firm have decreased by more than 46 %.
Sander Anderson, the CEO of the firm, said that he believes that “the values of individual sovereignty are very high in the Bitcoin community, and will appeal to the customers and communities for which we are developing the H100 platform.”
Anderson said in a separate X post, H100 sells health tools for individuals who do not want to rely on the “health system”.
Anderson first marked BitCoin’s announcement and purchased as “Phase 1”, indicating further purchase.
China’s Jeozie Holdings will stack 1,000 Bitcoin
Meanwhile, on May 22, the Chinese Electric Vehicle retailer, on the Nice Deck list, said its board approved a plan to buy 1,000 bit coins next year by releasing additional stocks and cash purchases.
Related: Bitcoin continues to rally to cross the K 110K for the first time
The company’s CEO, Tao Lee, acknowledged the volatility with investment in BitCoin, but hopefully the move will strengthen the firm’s assets, resistance to the risk and profit.
Google Finance Data suggests that Jeewee (JZXN) increased by 7.3 percent on May 22 to $ 3.09, Google Finance Data shows – relatively minor increase compared to other government companies who recently announced the purchase of bitcoin.
According to BitCoin.net data, adopting BitCoin as a treasury asset has become a long -standing trend, with 109 public firms now holding cryptocurrency on their balance sheets.
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