H100 becomes Europe’s No. 2 Bitcoin treasury after 2,455 BTC deal
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Swedish health-tech and Bitcoin treasury company H100 Group completed a deal acquiring 2,455 BTC from Norwegian Bitcoin firms Moonshot and Never Say Die. This more than tripled H100’s Bitcoin holdings to 3,506 BTC. The acquisition was paid with 790.5 million newly issued shares rather than cash, diluting existing shareholders by about 70%.
Why it matters
This move increased H100’s Bitcoin treasury to a value of approximately $228 million, making it Europe’s second-largest Bitcoin treasury company by holdings. It places H100 just behind Germany’s Bitcoin Group SE in terms of BTC holdings, highlighting the company’s growing influence in the European Bitcoin treasury space.
Key context
H100 first announced the acquisition deal in March through a letter of intent. The share issuance was based on a “Bitcoin-for-Bitcoin” 1:1 calculation, excluding other assets and liabilities, meaning the sellers received shares proportional to their Bitcoin contribution. The transaction was valued at about 1.47 billion Swedish kronor ($155 million).
Key numbers and entities
H100 Group increased holdings from around 1,051 BTC to 3,506 BTC by acquiring 2,455 BTC. The company issued 790.5 million new shares priced at 1.86 SEK ($0.20) each, diluting existing shareholders by roughly 70%. The total Bitcoin treasury value is estimated at $228 million. The acquisition involves Norwegian companies Moonshot and Never Say Die. The largest European Bitcoin treasury is Germany’s Bitcoin Group SE, holding 3,605 BTC.
What remains unclear
The source does not flag open questions about the acquisition or provide details on the non-Bitcoin assets and liabilities that were excluded from the transaction.