The shares of the Swedish healthcare company H100 Group from 37%rose by 37%after stating that Bitcoin bought Bitcoin for the primary time as a part of a brand new strategy, while the China's Jiuzi Holdings unveiled its plan for the stack of 1,000 Bitcoin next yr.
H100 stated on May twenty second that there have been 5 million Norwegian crown (490,830 US dollars) to purchase 4.39 Bitcoin (BTC) at a median purchase price of around $ 111,785.
On May 22, the shares of the corporate closed by 37% to 1.22 Swedish Krona (0.13 USD) on the Nordic growth market after the disclosure of its Bitcoin purchase, as Bloomberg data show.
Source: H100
The strong trading day has recovered some losses from the past two months during which the corporate's shares have dropped by over 46%.
The CEO of the corporate, Sander Andersen, said that he believes that “the values ​​of individual sovereignty within the Bitcoin community, which in the shoppers and communities for which we construct the H100 platform, will respond well with customers and communities.”
H100 sells health instruments for individuals who don’t need to depend on the “reactive health system”, said Andersen in a separate X -Post.
Andersen marked the primary Bitcoin announcement and the acquisition as “phase 1”, which identified further purchases.
Stack China's Jiuzi stocks on 1000 Bitcoin
In the meantime, on May twenty second, the Nasdaq list for the Chinese electric vehicle retailer Jiuzi Holdings said that his board has approved a plan for purchasing 1,000 Bitcoin next yr through additional stock output and money purchases.
The company's CEO, Tao Li, has recognized the volatility that goes hand in hand with investments in Bitcoin, however the move is confident that the asset structure, the danger resistance and profitability of the corporate is confident.
Jiuzi (JZXN) rose on May twenty second by 7.3% to $ 3.09, as Google Finance data is -a comparatively minor increase in comparison with other public corporations which have recently announced Bitcoin purchases.
The takeover of Bitcoin as financial assets has recently turn into an increasingly popular trend. According to BitcoinTreasuries.net, 109 public corporations have the cryptocurrency of their balance sheets.
