Shares in Swedish health tech company H100 Group AB rose 37% after it said it purchased Bitcoin for the first time as part of a new strategy, while China’s Jiuzi Holdings revealed its plan to stack 1,000 Bitcoin over the next year.
H100 said on May 22 that it spent 5 million Norwegian krone ($490,830) buying 4.39 Bitcoin (BTC) at an average purchasing price of around $111,785.
The company’s shares closed May 22 trading up 37% to 1.22 Swedish krona ($0.13) on the Nordic Growth Market following its disclosure of its Bitcoin purchase, Bloomberg data shows.
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