H100 Makes Sweden’s First Listed-Company Bitcoin Treasury Purchase
Swedish health-technology company H100 bought 4.39 BTC, later describing the transaction as the first Bitcoin treasury purchase by a listed Swedish company.
On May 22, 2025, Swedish public company H100 made its first Bitcoin treasury purchase, acquiring 4.39 BTC. The amount was modest compared with the purchases being made by Strategy and other large treasury companies, but H100 later identified the transaction as the first such move by a listed company in Sweden.
The importance of the purchase was geographic rather than monetary. During 2025, the corporate Bitcoin-treasury model was spreading rapidly beyond the United States and Japan. H100 showed that even a relatively small Nordic public company could adopt Bitcoin as a balance-sheet asset and explicitly organize part of its corporate strategy around accumulation.
The event is best read as one data point in the international diffusion of the treasury-company model. It did not transform Bitcoin markets on its own, but it marked the point at which that strategy entered another national public-equity market and provided a reference point for later Swedish and European corporate adoption.