Shares of Swedish health tech company H100 Group AB surged by 37% following the announcement of its new strategy to add Bitcoin to its treasury holdings. At the same time, Chinese electric vehicle retailer Jiuzi Holdings revealed a bold plan to accumulate 1,000 Bitcoin over the next year.
On May 22, H100 disclosed it had spent 5 million Norwegian kroner (approximately $490,830) to purchase 4.39 Bitcoin at an average price of around $111,785 per coin.
According to Bloomberg data, H100’s shares closed up 37% at 1.22 Swedish krona ($0.13) on the Nordic Growth Market — a strong rebound after the stock had dropped more than 46% in the previous two months.
H100 CEO Sander Andersen stated, “The values of personal sovereignty that are deeply rooted in the Bitcoin community align strongly with the vision we’re building for the H100 platform, and they will resonate with our target customers.”
In a post on social media platform X, Andersen explained that H100 provides health tools for individuals seeking alternatives to the traditional reactive healthcare system. He referred to this initial Bitcoin investment as “Phase 1,” hinting at more purchases to come.
Jiuzi Holdings Announces Plan to Accumulate 1,000 Bitcoin
Also on May 22, Nasdaq-listed Chinese electric vehicle retailer Jiuzi Holdings announced that its board had approved a plan to purchase 1,000 Bitcoin over the next 12 months, using proceeds from additional stock issuances and cash acquisitions.
CEO Tao Li acknowledged the volatility of Bitcoin but expressed hope that the investment would strengthen the company’s asset structure, risk resilience, and profitability.
Jiuzi’s stock (ticker JZXN) rose 7.3% to $3.09 on May 22, according to Google Finance — a modest increase compared to other publicly traded firms that have recently announced Bitcoin purchases.
The move reflects a broader trend of corporations adopting Bitcoin as a treasury reserve asset. According to BitcoinTreasuries.NET, 109 public companies now hold Bitcoin on their balance sheets.
