Adam Back joins $2.2M Bitcoin round for Swedish logistics firm

- H100 Group Plans to Raise $2.2 Million to Purchase Bitcoin - Adam Back of the Cypherpunk Movement Joins H100 Group’s Asset Management Strategy [Unblock Media] Swedish healthcare and logistics company H100 Group has announced a funding round with a goal of raising $2.2 million, all of which will be used for strategic accumulation of Bitcoin. The round is led by Adam Back, CEO of Bitcoin infrastructure company Blockstream and a legendary figure in the Cypherpunk movement. According to internal sources, this move is part of H100’s extensive asset management strategy, reflecting the need for assets resistant to fiat currency devaluation, increasing geopolitical tensions, and censorship-resistant, globally liquid assets. “This is not just an investment, but a hedge, a signal, and a commitment,” an anonymous executive at H100 told Cointelegraph. While H100 is not the first company to adopt Bitcoin, it may be the first healthcare logistics company to do so with this level of institutional support. Unlike cryptocurrencies like Ethereum and Solana, which focus on programmable finance, H100 emphasizes Bitcoin’s core attributes of decentralization, security, and scarcity. “Bitcoin is not just a cryptocurrency; it is an economic defense system,” a company spokesperson said. “For global supply chain operators like us, avoiding seizure risks and maintaining cross-border asset mobility is crucial.” H100’s preference mirrors trends in traditional sectors, viewing BTC as a reserve digital asset akin to gold, rather than a speculative instrument. Adam Back’s involvement lends significant weight to the announcement. As the inventor of the Hashcash proof-of-work system referenced in the Bitcoin whitepaper and an early developer in Bitcoin’s history, his presence provides not just funds but also credibility. H100 Group joins a list of traditional companies integrating Bitcoin into their financial strategies, from Silicon Valley to Swedish supply chains. Notable precedents include Tesla acquiring $1.5 billion in BTC in 2021, MicroStrategy holding over 200,000 BTC in corporate reserves, and Norwegian aluminum giant Norsk Hydro experimenting with BTC-denominated cross-border payments. Institutional asset managers like BlackRock and Fidelity are also blurring lines between traditional finance and cryptocurrency with the launch of spot Bitcoin ETFs. “New corporate adopters validate Bitcoin’s role as programmable currency infrastructure,” said Genesis Digital analyst Lisa Cho. Although Bitcoin’s price remained relatively stable on the day of the announcement, analysts suggest such news contributes to a broader bullish narrative supporting long-term accumulation. With BTC still trading in the $106,000-110,000 range, institutional additions to their stacks may indicate robust foundational demand in non-crypto sectors, seeking inflation protection and financial independence. H100 Group’s Bitcoin adoption marks a symbolic milestone in real-world Bitcoin acceptance. With direct involvement from Adam Back and a clear strategic rationale, the company joins the forefront of growing enterprises aiming to make Bitcoin the cornerstone of future asset management. Whether other mid-sized European companies will follow remains uncertain, but one thing is clear: Bitcoin is no longer just a tech play. It is a corporate decision.