Nordic Growth Market · H100 · SEK
H100 Group
Holdings as of 10 Aug 2026 · prices as of 23 Oct 2026 · capital structure as of 30 Jun 2026
Holdings & valuation
BTC holdings
3,506 ₿
Last purchase 2,455 ₿ · 10 Aug 2026
BTC NAV
SEK 2.82B
BTC price SEK 803.09K
Market cap
SEK 2.00B
2,494 ₿ · 1,128,931,358 fully diluted shares
Enterprise value
SEK 2.20B
2,745 ₿
= Market cap SEK 2.00B + conv. SEK 219.80M − cash SEK 18.10M
Share
Share price
SEK 1.7740
221 sats
Sats per share
311
CEBE per share
286
= (BTC − senior claims) / fully diluted shares, in sats
Multiples
mNAV
0.71x
Price at 1 mNAV SEK 2.4941
= Market cap SEK 2.00B / BTC NAV SEK 2.82B
Enterprise mNAV
0.78x
Price at 1 Enterprise mNAV SEK 2.2659
= Enterprise value SEK 2.20B / BTC NAV SEK 2.82B
CEBE
0.77x
Price at 1 CEBE SEK 2.2994
= Market cap SEK 2.00B / (BTC NAV SEK 2.82B − senior claims SEK 219.80M)
Capital structure
Cash
SEK 18.10M
22.54 ₿
Convertible debt
SEK 219.80M
273.69 ₿ · 1 of 1 notes counted as debt
Preferred
SEK 0.00
0 ₿ · liquidation value
Senior claims
SEK 219.80M
273.69 ₿ · 7.8% of BTC NAV
= conv. SEK 219.80M
Convertible bonds
Switch on "Assume future conversion" to count a note's conversion shares in the fully diluted share count instead of its face value as debt. Default: outstanding notes in the money, converted notes. Tiles, bar chart, valuation multiples and BTC per share update immediately (the data table below uses the defaults).| Note | Holder | Issued | Maturity | Put / call | Coupon | Conversion price | Outstanding | Shares on conversion | Status | Assume future conversion |
|---|---|---|---|---|---|---|---|---|---|---|
| Convertible debentures 2025 (tranche 7) | Adam Back and others | 2025-07-09 | 2030 | – / – | 0% | SEK 8.48 | SEK 219.80M | 25,919,811 | outstandingout of the money | |
| Convertible loans 2025 (initial loan and tranches 1-5) ≈ | Adam Back and others | 2025-05-25 | 2028-2030 | – / – | 0% | SEK 1.75 | – | – | converted |