Swedish Health Tech and Chinese EV Firm Embrace Bitcoin
Two companies from vastly different sectors—Sweden’s H100 Group AB and China’s Jiuzi Holdings—are making headlines with major Bitcoin investments, signaling a shift toward institutional adoption of digital assets.
On May 22, H100 Group AB revealed its initial move into cryptocurrency, purchasing 4.39 Bitcoin for an average of about $111,785 each. This $490,830 investment drove a 37% jump in the company’s share price, closing at 1.22 SEK ($0.13) on the Nordic Growth Market. CEO Sander Andersen linked the decision to the company’s values, citing Bitcoin’s emphasis on individual sovereignty as a natural match for H100’s mission to empower people seeking alternatives to traditional healthcare.
Jiuzi Holdings Eyes Large Bitcoin Stake
Meanwhile, Nasdaq-listed Jiuzi Holdings, which sells electric vehicles in China, announced plans to acquire up to 1,000 Bitcoins over the next 12 months. The acquisition will be funded through a mix of cash and new stock issues. CEO Tao Li acknowledged the volatility of Bitcoin but said the purchase aligns with the company’s goal of boosting its asset base, enhancing financial resilience, and increasing profitability.
As companies from healthcare to electric vehicles venture into crypto, it’s clear that digital assets are becoming a critical part of long-term financial planning. With economic uncertainty pushing businesses to seek new hedging tools, Bitcoin’s appeal as a potential store of value continues to grow.
