Odaily News According to the official announcement, Swedish listed company H100 Group AB announced that it has signed a new round of investment agreement with Bitcoin pioneer Adam Back, and will raise up to 750 million Swedish kronor (about 70.4 million US dollars) through convertible loans for its Bitcoin asset allocation strategy. According to the agreement, Adam Back will purchase the sixth round of financing with 150 million Swedish kronor, and the subsequent two rounds (seventh and eighth rounds) can reach 75 million Swedish kronor each, with priority subscription and obligation subscription rights. The current conversion price of the sixth round is set at 6.38 Swedish kronor/share, a premium of 33% over the closing price on June 13. The conversion prices of subsequent rounds are 8.48 and 11.27 Swedish kronor/share respectively. The H100 board of directors stated that the conversion pricing reflects market conditions, and the choice of this financing structure is to quickly obtain funds and introduce strategic investors with consistent values to support the company's long-term Bitcoin reserve strategy and avoid the complex and high-cost traditional rights issue financing process.