H100 Becomes #2 in Europe by Bitcoin Reserves Following a 2455 BTC Deal

cryptonews.ruPublished on 2026-08-10Last updated on 2026-08-10

Abstract

Swedish medtech and Bitcoin treasury company H100 Group has completed its acquisition of Norwegian Bitcoin firms Moonshot and Never Say Die, acquiring 2,455 BTC in the process. The all-share deal, valued at approximately $155 million, saw H100 issue 790.5 million new shares to the sellers, diluting existing shareholders by about 70%. The transaction was calculated on a "Bitcoin for Bitcoin" 1:1 principle based on the relative share of Bitcoin reserves. Following the acquisition, H100's Bitcoin reserves have more than tripled to 3,506 BTC, valued at around $228 million. This makes H100 the second-largest corporate Bitcoin holder in Europe, trailing only Germany's Bitcoin Group SE, which holds 3,605 BTC. The company first announced the deal in March after signing a letter of intent.

Swedish medical technology and bitcoin treasury company H100 Group has completed the acquisition of Norwegian bitcoin companies with 2455 $BTC, more than tripling its reserves—to 3506 $BTC.

The deal involved no cash payment: H100 issued 790.5 million new shares to the sellers, the company announced in a press release on Monday.

The new share issuance diluted the stakes of existing shareholders by approximately 70%. H100 valued the shares at 1.86 Swedish krona ($0.20) each, valuing the deal at approximately 1.47 billion krona ($155 million).

H100 stated that the compensation was calculated on a 1:1 "bitcoin for bitcoin" basis: the number of issued shares was determined proportionally to the sellers' share in the combined bitcoin reserves of H100 and the acquired companies. Other assets and liabilities were not included in the calculation.

Following the deal, the value of H100's bitcoin assets reached approximately $228 million. The company became the second largest in Europe by bitcoin reserves after Germany's Bitcoin Group SE with 3605 $BTC, according to BitcoinTreasuries.

H100 first announced the deal in March, signing a letter of intent to acquire the private Norwegian bitcoin companies Moonshot and Never Say Die along with their bitcoin assets.

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Related Questions

QWhat did H100 Group become in Europe after acquiring Norwegian Bitcoin companies?

AH100 Group became the second-largest holder of Bitcoin reserves in Europe after German Bitcoin Group SE.

QHow many Bitcoins did H100 Group acquire through the deal with the Norwegian companies?

AH100 Group acquired 2455 Bitcoins from the Norwegian companies Moonshot and Never Say Die.

QHow did H100 Group pay for the acquisition of the Norwegian Bitcoin companies?

AH100 Group paid for the acquisition by issuing 790.5 million new shares to the sellers, without any cash payment.

QWhat was the approximate value of H100 Group's Bitcoin assets after the transaction?

AThe value of H100 Group's Bitcoin assets reached approximately $228 million after the transaction.

QHow did the deal affect the shareholding structure of H100 Group's existing shareholders?

AThe issuance of new shares diluted the holdings of existing shareholders by approximately 70%.

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