Adam Back Fuels Swedish Bitcoin Push!

Swedish health tech company H100 Group AB secured $2.2 million in a new funding round led by Adam Back.

Author

Danielle du Toit
May 26, 2025

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Here's what we've got for you today:

  • Adam Back Injects $1.4 Million Into Swedish Firm Turning to BTC

  • US Speaker Shrugs Off Trump Crypto Dinner Concerns Amid Calls for Probe

  • Coinbase Faces Another Data Breach Lawsuit Claiming Stock Drop Damages

  • Mango Markets Case Dismissed While Durov Denied Oslo Forum Entry

Swedish health tech company H100 Group AB secured $2.2 million in a new funding round led by Blockstream CEO Adam Back.

  • H100 Group AB raised $2.2 million in a new funding round led by Blockstream CEO Adam Back, who contributed $1.4 million.

  • The funds were raised via interest-free convertible loans with potential equity conversion if H100’s stock rises 33% above a set price, which could lead to 12% dilution.

  • The capital will fund Bitcoin purchases, and allow H100 to buy around 20.18 BTC. This will bring its total holdings to approximately 24.57 BTC.

🔍️ US Speaker Shrugs Off Trump Crypto Dinner Concerns Amid Calls for Probe

US House Speaker Mike Johnson recently brushed off the concerns surrounding President Donald Trump’s dinner for the top holders of his meme coin.

  • House Speaker Mike Johnson deflected questions about Donald Trump’s May 22 dinner for top holders of his meme coin, saying he was unaware of the event and focused on the federal budget.

  • CNN’s Jake Tapper and 35 House Democrats raised concerns about transparency, and called for a DOJ investigation, as well as the release of the attendee list to assess any potential foreign influence.

  • Democrats argue the dinner may have violated the emoluments clause, which prohibits US presidents from accepting gifts or payments from foreign states without Congressional approval.

⚖️ Coinbase Faces Another Data Breach Lawsuit Claiming Stock Drop Damages

Crypto exchange Coinbase is facing yet another proposed class-action lawsuit over its user data breach.

  • Coinbase faces a new class-action lawsuit alleging it failed to disclose a UK regulatory breach and a recent user data breach, which led to a sharp drop in its stock price.

  • Investor Brady Nessler claims COIN shares fell 7.2% after the May 15 disclosure, and referred to shareholder damages due to the firm’s $400 million potential liability and an extortion attempt involving bribed support agents.

  • Despite the drop, Coinbase stock rebounded 9% the next day and is currently up close to 6% year-to-date.

🛑 Mango Markets Case Dismissed While Durov Denied Oslo Forum Entry

A US judge threw out key fraud convictions against Avraham Eisenberg, the trader accused of orchestrating the $110 million exploit of Mango Markets. 

  • A US judge dismissed key fraud charges against Avraham Eisenberg, and ruled that his alleged $110 million Mango Markets exploit lacked jurisdictional ties to New York.

  • Two fraud counts were vacated and a wire fraud charge was dropped. Overall, this is a major setback for prosecutors in one of the most high-profile crypto legal cases to date.

  • Meanwhile, Telegram co-founder Pavel Durov was barred from attending the Oslo Freedom Forum in person, after French courts denied his travel request.

👀 QUICK NEWS

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