H100 Moves to Acquire 2450 BTC in All Share Bitcoin Treasury Deal

TLDR

• H100 plans to increase holdings from 1051 BTC to about 3501 BTC
• Deal adds 2450 BTC from Norwegian firms Moonshot and Never Say Die
• Transaction uses all share structure with no cash involved
• Ownership split gives sellers about 70% of combined entity
• Deal aims to position H100 among Europe largest Bitcoin firms

H100 Group has signed a letter of intent to acquire two Norwegian Bitcoin firms, aiming to expand its treasury holdings. The proposed transaction would more than triple its Bitcoin reserves through an all share structure.

The Stockholm listed company said the deal would increase its holdings from about 1,051 BTC to roughly 3,501 BTC. The move is part of a broader strategy to scale its position in the Bitcoin treasury sector.

All Share Structure Preserves Bitcoin Exposure for Investors

The transaction is structured as a Bitcoin-for-Bitcoin exchange, with no cash component. Ownership in the combined entity will be based on the amount of Bitcoin contributed by each party.

Under current figures, existing H100 shareholders would hold about 30% of the combined company. The sellers of the Norwegian firms would control the remaining 70% stake.

The company stated that this structure ensures that Bitcoin exposure per share remains consistent. It also avoids dilution beyond proportional share issuance tied to the transaction.

Chairman Sander Andersen said,

Acquisition Adds 2450 BTC From Norwegian Companies

The two target companies, Moonshot AS and Never Say Die AS, together hold approximately 2,450 BTC. Their inclusion would raise H100’s total holdings to over 3,500 BTC.

The company reported that its existing Bitcoin was acquired at an average price of about $114,615 per coin. Based on current prices, the treasury holds a market value near $71.69 million.

The acquisition is expected to strengthen H100’s presence among listed Bitcoin treasury firms in Europe. It would also increase its ranking among global corporate Bitcoin holders. Eirik Grøttum, CEO of Moonshot AS, said combining with a listed platform offers greater scale and flexibility for executing a Bitcoin strategy.

Timeline and Regulatory Steps for Completion

The parties aim to finalize definitive agreements by April 22, subject to due diligence and approvals. Completion is expected shortly after H100’s annual general meeting scheduled for May 21.

The deal remains subject to board approval, shareholder consent, and regulatory clearance. Authorities will review the transaction before final execution. H100 will continue to operate as the listed parent company on NGM Nordic SME. Its existing health technology business will remain unchanged after the transaction.

The company also expects to benefit from additional expertise in trading and technology development. Key personnel from the target firms are expected to join the combined entity.

Strategy Focus on Scaling Bitcoin Treasury Operations

H100 stated that the acquisition aligns with its strategy of growing its Bitcoin balance sheet through accretive transactions. The company aims to use Bitcoin based deals to expand its holdings while maintaining market access.

The announcement follows earlier plans to combine with a Zurich based Bitcoin treasury firm. Both initiatives reflect ongoing efforts to build scale within the sector. If completed, the transaction would position H100 among the largest listed Bitcoin treasury companies in Europe. The company also aims to improve liquidity and strengthen its role in capital markets.

The expansion comes as Bitcoin trades near $70,000 after earlier highs above $120,000. Market conditions continue to influence corporate treasury strategies across the sector.

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