European Bitcoin Treasury H100 Aims to Triple BTC Stash by Acquiring Two Firms
Sweden's H100 Group plans to acquire Norwegian Bitcoin treasury firms Moonshot AS and Never Say Die AS in an all-share deal, tripling its Bitcoin holdings to about 3,500 BTC ($245 million). This would make H100 the second-largest listed Bitcoin treasury in Europe, just behind Germany's Bitcoin Group SE, and 27th globally. The acquisition involves H100 issuing new shares for all shares of the Norwegian companies, with no cash exchanged. H100 aims to strengthen its institutional presence, liquidity, and market relevance in the European crypto sector through this consolidation. Existing shareholders will retain their Bitcoin exposure and share in the enlarged treasury. H100 and the target companies expect to finalize the agreement before April 22 and complete the transaction before the annual general meeting on May 21. H100 initiated its Bitcoin treasury in May 2025 amid rising crypto prices, although Bitcoin value has since fallen from its peak above $126,000 to around $70,000. MicroStrategy remains the top public Bitcoin holder globally, with over 762,000 BTC.
