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Swedish company Hilbert Group, listed on the US stock market, received $21 million in financing to support its cryptocurrency reserve strategy
Odaily News According to the US-listed Swedish company Hilbert Group, the company has obtained more than 200 million Swedish kronor (about 21 million US dollars) in long-term financing from a US institutional partner. The funds will be used in part to support its previously announced cryptocurrency reserve strategy, which aims to seize the opportunity of growing institutional adoption of Bitcoin, especially to gain a first-mover advantage among European listed companies. Hilbert Group will launch a dedicated transparency dashboard that provides real-time visibility of cryptocurrency holdings and will combine active asset management, strict compliance and transparent reporting. The companys CEO Barnali Biswal said that this financing is an important milestone in the execution of its strategic plan and reflects the markets recognition of Hilberts capabilities as a regulated listed company in the European digital asset field.
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