Hong Kong’s MemeStrategy Buys 2,440 SOL, Sweden’s H100 Group Invests $15M in BTC via Convertible Loan

Key Takeaways

• Sweden’s H100 Group has secured a $15.8 million convertible loan agreement to fund bitcoin purchases.
• Meanwhile, Hong Kong’s MemeStrategy has bought 2,440 SOL.
• With Bitcoin emerging as an increasingly popular treasury asset, other cryptocurrencies are being adopted too.

H100 Group and MemeStrategy are the latest global businesses to embrace cryptocurrency treasury assets.

Swedish healthcare conglomerate H100’s $15 million bitcoin purchase reflects a rising trend for corporate BTC investments. Meanwhile, Hong Kong-based investor MemeStrategy’s decision to buy Solana is more adventurous.

Corporate Treasuries Embrace Crypto

While companies like Strategy (formerly Microstrategy) and Tesla were ahead of the curve, incorporating crypto into corporate treasuries has become increasingly mainstream.

In recent months, companies including GameStop and Trump Media have taken the plunge, investing hundreds of millions of dollars into BTC.

More recently, The Blockchain Group announced plans to raise over $340 million for its Bitcoin treasury, just one week after purchasing $68 million worth of the asset.

In the latest instance of this trend, H100 has secured a 150 million kroner ($15.8 million) convertible loan to buy Bitcoin.

The convertible loan structure means the group of investors, which includes Blockstream CEO Adam Back, is entitled to convert a minimum of 37.5 million kroner into equity.

Diversifying Away From Bitcoin

While Bitcoin reserves are becoming more commonplace, very few companies invest in other cryptocurrencies.

However, a small number of firms have started to experiment.

On June 13, SharpLink Gaming announced the strategic acquisition of 176,270.69 ETH, making it the largest publicly-traded ETH holder in the world.

Meanwhile, MemeStrategy’s announcement on Monday, June 16, introduced SOL into the equation.

Investing in Solana Growth

Explaining the rationale behind the HKD 2.9 million ($370,000) purchase, MemeStrategy cited Solana’s “vibrant and expanding community of developers, individual users, and institutional participants.”

The investment company said it plans to stake its newly acquired assets, suggesting a long-term commitment to Solana.

“As a high-quality digital asset with strong real-world application potential, Solana enhances the flexibility of the Company’s reserve assets, aligning with its long-term strategic goals,” MemeStrategy said.