- Sweden-listed H100 Group more than tripled its Bitcoin treasury to 3,506 BTC after completing an all-stock acquisition of 2,455 BTC from Norwegian Bitcoin companies.
- The transaction valued at approximately $155 million involved no cash, instead using 790.5 million newly issued shares that diluted existing holders by about 70%.
- Shares were priced at $0.20 each in a deal that vaults H100 into the ranks of Europe‘s largest corporate Bitcoin holders.
Sweden-listed health-tech and Bitcoin treasury company H100 Group completed its acquisition of Norwegian Bitcoin companies holding 2,455 BTC, more than tripling its corporate treasury to 3,506 Bitcoin. The Monday press release confirmed the deal positions H100 as Europe’s No. 2 Bitcoin treasury firm by holdings.
The transaction involved no cash consideration, with H100 issuing 790.5 million new shares to the sellers, according to the company’s press release. The newly issued shares diluted existing shareholders by approximately 70%.
H100 priced the shares at 1.86 Swedish kronor ($0.20) each, valuing the all-stock transaction at about 1.47 billion kronor ($155 million). Consequently, the health-tech firm now holds 3,506 BTC, more than tripling its previous stash of roughly 1,051 Bitcoin.
Meanwhile, the deal underscores a growing trend of publicly traded European companies adopting Bitcoin as a primary treasury reserve asset. The acquisition was structured entirely through equity, avoiding any cash outlay while significantly expanding the company’s digital asset exposure.
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