Sweden’s H100 Group Posts $26M Loss as Bitcoin Price Weighs on Holdings

Sweden-listed health tech and Bitcoin treasury company H100 Group reported a pre tax loss of $10.3 million for the second quarter and a total first-half loss of roughly $26 million. The company said nearly all of the quarterly loss stemmed from a non-cash write-down tied to Bitcoin’s price decline during the period.

Operating Income Remains Modest but Steady

H100 also reported operating income of 3 million kronor for the quarter, flat compared to the same period last year, with first-half operating income rising slightly to 6.1 million kronor from 5.8 million kronor a year earlier.

Now Europe’s Second-Largest Bitcoin Treasury

Earlier this month, H100 became Europe’s second-largest Bitcoin treasury company after acquiring two smaller Norwegian Bitcoin treasury firms along with their crypto holdings. The move brought H100’s total Bitcoin reserves to 3,506 BTC, worth approximately $226 million, placing it just behind Germany’s Bitcoin Group, which holds 3,605 BTC.

H100’s share price fell 4.2% on Tuesday, extending a year-to-date decline of about 24%, according to market data.