H100 Bitcoin acquisition lifts treasury to 3,506 BTC, Europe’s No. 2
H100 Group, a Sweden-listed health-tech company turned Bitcoin treasury player, just closed a deal that market watchers are calling unprecedented: an acquisition where both sides of the transaction were priced entirely in Bitcoin. The H100 Bitcoin acquisition of two Norwegian firms, Moonshot and Never Say Die, pushed the company’s holdings to 3,506 BTC, instantly reshaping where H100 sits among Europe’s corporate Bitcoin holders.
Key takeaways
- H100 Group completed its acquisition of Norwegian Bitcoin companies Moonshot and Never Say Die, lifting its treasury to 3,506 BTC.
- The deal involved no cash: H100 issued 790.5 million new shares to the sellers, diluting existing shareholders by roughly 70%.
- Shares were priced at 1.86 Swedish kronor each, putting the transaction’s value at about 1.47 billion kronor ($155 million).
- H100’s Bitcoin holdings are now worth roughly $228 million, making it Europe’s second-largest Bitcoin treasury company behind Germany’s Bitcoin Group SE, which holds 3,605 BTC.
- The transaction closed on August 10 after shareholders approved it at H100’s annual general meeting on June 23, following a letter of intent signed back in March.
H100 Group’s Acquisition of Norwegian Bitcoin Companies
H100 finalized its purchase of the two privately held Norwegian firms in a deal built entirely around Bitcoin, rather than traditional cash or credit terms. The companies’ combined Bitcoin holdings, roughly 2,455 BTC, moved onto H100’s balance sheet as part of the transaction, lifting the company’s total treasury from 1,051 BTC before the deal to 3,506 BTC afterward — a jump of about 234%.
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