A prominent Bitcoin supporter spearheads funding for a Swedish company’s BTC acquisition plans. Meanwhile, Coinbase faces escalating legal troubles after disclosing a significant breach and regulatory fallout. In other news, a Manhattan crypto investor is arrested in connection with a violent Bitcoin-related kidnapping.
More details on these stories ahead.
Adam Back Joins Investors in $2.2M Capital Raise for H100 Bitcoin Push
Blockstream CEO and Bitcoin advocate Adam Back has led a 21 million SEK (approximately $2.2 million) funding round for Sweden-based health tech firm H100 Group AB. The company revealed on May 25 that the funds, which were raised through interest-free convertible loans, would be allocated toward acquiring Bitcoin, following its strategic shift announced on May 22.
Back contributed about $1.4 million, with the rest supplied by firms including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners.
With this capital, H100 aims to
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