H100 Group AB's stock has surged 280% since May 22, following a strategic pivot to Bitcoin. The health tech company's shares jumped 45% in a single day after raising $10.6 million to enhance its Bitcoin treasury strategy. This funding round, supported by Bitcoin cypherpunk Adam Back and UTXO Management, will increase H100's Bitcoin holdings to 81.85 BTC. The funding included a 69.65 million krona ($7.31 million) share issue and 31.35 million krona ($3.29 million) from convertible loans. The convertible notes, maturing in five years, can be converted to equity at 1.75 krona per share. H100's CEO, Sander Andersen, emphasized the alignment of the company's health approach with the values of the Bitcoin community. This move is part of a broader trend of public companies integrating Bitcoin into their balance sheets. According to a report by Gemini and Glassnode, centralized entities now control 30.9% of the total Bitcoin supply, highlighting the growing institutional presence in the Bitcoin market.