Hilbert Group Secures SEK 300M Bitcoin Loan from Deus X Capital, Expanding Crypto Treasury to 430 BTC

Sweden’s Hilbert Group Eyes Largest Active Crypto Treasury in Europe with SEK 500M War Chest

Hilbert Group AB (Nasdaq: HILB B) has secured a SEK 300 million Bitcoin commitment from Deus X Capital, marking a pivotal expansion of its crypto treasury strategy. The deal, structured as a secured Bitcoin facility, brings 233 BTC onto Hilbert’s balance sheet, pending due diligence and final documentation. This latest commitment follows last week’s SEK 200 million convertible bond financing and pushes Hilbert’s total treasury size to roughly 430 BTC, equivalent to USD 52 million or SEK 500 million based on the current crypto price index. The company now holds one of the most substantial actively managed corporate Bitcoin treasuries in Europe.

Deus X Capital becomes the first institutional backer of Hilbert’s crypto treasury strategy. The loan, secured under favorable terms, signals a growing appetite among institutions for direct exposure to digital assets through professionally managed platforms. Hilbert, a Swedish public company specializing in quantitative trading strategies, aims to differentiate itself by avoiding a passive accumulation approach. Instead, it utilizes AI-driven risk management and in-house crypto asset management capabilities to actively optimize returns. A dedicated Treasury Committee led by Hilbert’s Chief Investment Officer Russell Thompson will oversee the strategy’s execution.

Thompson emphasized that the initiative is aligned with the company’s broader institutional focus, noting that the strategy is built to “maximize Bitcoins per share for our shareholders.” The company plans to begin acquisition and deployment of the funds within one month, accompanied by regular updates to shareholders and access to a real-time transparency dashboard detailing holdings and performance. The potential to diversify beyond Bitcoin into other digital currencies remains open as the strategy matures.

Hilbert’s CEO Barnali Biswal described the move as a major inflection point in European corporate finance, stating that the strategy goes beyond simply allocating to Bitcoin. She views it as laying the groundwork for institutional-grade infrastructure that could redefine how public companies leverage digital assets for strategic growth. Tim Grant, CEO of Deus X Capital, echoed that sentiment, citing Hilbert’s unique positioning and institutional rigor as a key reason for backing the initiative, calling the firm a “flag bearer” for actively managed crypto treasuries in Europe.

Hilbert Group’s latest Q2 2025 performance report further reinforces its Bitcoin-focused strategy. The firm’s BTC Basis+ fund delivered a net return of +5.99% for the quarter and +25.01% year-to-date, outperforming Bitcoin itself over both periods. Additionally, the Xapo Byzantine BTC Credit Fund maintained a net yield of +2.80% annually on top of Bitcoin’s gains, underscoring the firm’s ability to generate consistent alpha through credit-based BTC exposure.

Hilbert Group has issued a second tranche of B-shares to Liberty Road Capital after fulfilling conditions tied to their March 2025 asset purchase agreement. The Board approved the directed share issue of 7,012,963 B-shares, matching the initial stake granted at closing. Following registration, Hilbert’s total outstanding shares will increase, further cementing Liberty Road Capital’s position as a key shareholder amid the firm’s expanding crypto price index strategy.

This article has been refined and enhanced by ChatGPT.