H100 becomes Europe’s No. 2 Bitcoin treasury after 2,455 BTC deal
Summary
H100 Group completed its acquisition of two Norwegian Bitcoin companies holding 2,455 BTC, lifting its total Bitcoin treasury to 3,506 BTC, more than triple the prior level. The deal was paid entirely in equity, with H100 issuing 790.5 million new shares instead of cash. Those shares were priced at 1.86 SEK ($0.20) each, implying a transaction value of about 1.47 billion SEK ($155 million) and diluting existing shareholders by roughly 70%. H100 said the deal was structured on a Bitcoin-for-Bitcoin basis, valuing only the BTC holdings and excluding other assets and liabilities. The enlarged treasury is now worth about $228 million, making H100 Europe’s second-largest Bitcoin treasury company by holdings.
