Today, H100 Group AB announced it has made a 21 million secre conversion loan from its investment agreement with Adam Back with the option of expanding its investment to SEK 277 million through a five-tranch convertible loan transaction. The revenue will be used to purchase Bitcoin in align with the H100 Group’s long-term Bitcoin financial strategy.
H100 Group AB (ticker: H100) secures a $221 million ($2.1 million) commitment from @Adam3us and the right to invest an additional 128m ($12.8 million) in the tranches. pic.twitter.com/c0hgmsrxut
– H100 (@H100Group) June 3, 2025
Under the agreement, Back can invest up to 1128 million copies in four additional tranches that guarantee at least 50% participation. Each tranche is twice his commitment, demonstrating his support for the long-term growth of the H100.
The press release states, “Adambak may request a second tranche within 90 days of signing the first tranche. Do not request Adam after requesting a third tranche within 90 days of signing the second tranche, and a fourth tranche within 90 days of signing the third tranche, and a fifth tranche within 90 days of signing the fourth tranche, and then requesting a fifth tranche within 90 days of signing the third tranche. Any future tranches will expire.”
There is no interest in convertible loans and is maturized for five years. At any time, Buck may convert the loan into company stock. Conversion prices are fixed for each tranches. The first tranche will rise to 1.75 sec per share, and the fifth tranche will rise to SEK 5.00. H100 retains the right to coercive conversion if the stock price exceeds the conversion rate by 33% over the 20-day period. The complete conversion of the first tranche leads to a dilution of 12 million shares and 9.3%.
“Tranche Adam’s back request is mandatory to win 15,750,000 sexes in the second tranche, 23,625,000 SEK in the third tranche with a SEK of 15,750,000 SEK in the fourth tranche, 23,625,000 SEK in the fourth tranche, 53,156,250 in the fifth tranche, and 15,625,000 in the fifth tranche. “The contemplated size of each tranche is twice the amount of Adam Buck.”
“We’ve been around since 2014 and worked with investors to put Bitcoin on the balance sheet at the time,” Adam said at the 2025 Bitcoin Conference. “I think the way to look at a finance company is that Bitcoin is virtually at a difficult rate. It’s very difficult for Bitcoin to outperform most people who invest in things.
