Hilbert Group Announces Bitcoin Treasury Strategy, Stock Jumps 13%

Sweden’s leading digital asset investment company, Hilbert Group, announced a comprehensive crypto treasury strategy on Friday.

The company plans to hold Bitcoin as a primary reserve asset, while also looking to acquire other cryptocurrencies. As a result of the announcement, the stock price of the company rocketed 13%.

Nasdaq Stockholm-listed Hilbert Group’s Board Approves Bitcoin Treasury

In a press release on July 4, Hilbert Group disclosed that the board of directors approved a plan to add Bitcoin to its corporate treasury.

The company has launched a strategic crypto treasury program to raise funds, acquire digital assets, and manage them.

The crypto treasury strategy will be overseen by a dedicated Treasury Committee, chaired by CIO Russell Thompson.

He believes the firm’s world-class AI and quantitative models and huge asset management experience make it one of the leaders in the crypto investment space.

The company claimed it was already in talks with institutional partners for multiple competitive financing offers, providing substantial capital deployment capacity across various tranches.

The arrangement could help the company in aspects of timing and scale of purchases. The initiative positions Hilbert to capitalize on growing institutional Bitcoin adoption.

It is one of the few European publicly listed companies to adopt a Bitcoin treasury strategy. This would help the company gain a significant advantage.

Hilbert Group’s Institutional Grade Execution

Hilbert Group to bring institutional-grade execution, compliance, and investor alignment capabilities to its crypto treasury strategy. This approach is different from passive allocation by other companies.

The company will launch a dedicated transparency dashboard offering real-time visibility into crypto treasury holdings. This will help maintain commitment to stakeholder transparency.

Barnali Biswal, Hilbert CEO, stated:

“Our approach to crypto treasury management bridges traditional equity investment with the dynamic world of digital assets, empowering our investors to participate in the future of finance through a trusted, regulated vehicle.”

Stock Shoots 13% on Bitcoin Treasury Plans

Hilbert Group’s stock price has been on a major rally since last month after securing the option to acquire 100% of the shares in Nordfinex Holding AB. It’s a company behind the fast-growing crypto banking platform Nordark.

At the time of writing, the stock price jumped 13% to SEK 13.25 during trading hours on Friday. The 24-hour low and high were 10.70 and 14.10 SEK, respectively. As per Yahoo Finance, the stock price has rallied 110% in a month and 158% YTD.

Many companies that adopted a Bitcoin treasury strategy saw at least double-digit gains in their stock price. H100 Group AB is another Swedish public company that saw its stock price zoom by 400% in a month.

Bitcoin Price Performance

At the time of writing, Bitcoin price was down more than 2% at $108,095 due to options expiry. However, analysts remain bullish on further upside momentum in BTC price as the price held above the max pain point of $106K.

The 24-hour low and high were $108,617 and $110,541, respectively. Furthermore, trading volume was down by more than 23% over the last 24 hours.

In the daily timeframe, the price was above the 50-SMA, 100-SMA, and 200-SMA at the time of writing.

Whereas, the Relative Strength Index (RSI) rises to 54.86, signaling a potential sideways movement for the next few days.

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