Sweden's H100 shareholders greenlight acquisition deal to triple Bitcoin holdings
H100 shareholders approved issuing new shares to finance the acquisition of Moonshot AS and Never Say Die AS, removing a major hurdle for the deal. The share-for-share transaction would add about 2,450 BTC from the two Norwegian investment firms to H100’s current 1,051 BTC, lifting its treasury to roughly 3,500 BTC. If completed, the owners of Moonshot and Never Say Die would control about 70% of the combined company. That would likely make H100 Europe’s second-largest publicly traded Bitcoin treasury company, behind Bitcoin Group SE. H100’s stock rose 9.6% on the approval day, though it remains down about 30% this year. The deal comes as Bitcoin treasury firms face tougher market conditions, with some companies scaling back or abandoning BTC accumulation strategies.
