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06/23 17:40

H100 Shareholders Approve Bitcoin Deal That Would

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H100 Shareholders Approve Bitcoin Deal That Would Make It Europe’s No. 2 Listed Treasury H100 shareholders approved a deal to acquire two Norwegian bitcoin treasury firms, a move that would boost the company's holdings to 3,500 BTC. H100 Group shareholders cast their votes in Stockholm on Tuesday, giving the company’s board authority to close acquisitions of two Norwegian bitcoin treasury firms — a deal that would take the company’s holdings from 1,051 BTC to around 3,500 BTC and rank it second among Europe’s listed bitcoin treasury companies. The annual general meeting was the decisive checkpoint for H100’s binding share purchase agreements with Moonshot AS and Never Say Die AS.  The two Norwegian companies hold a combined 2,450 BTC. Under the deal’s structure, existing H100 shareholders retain 30% of the merged entity, with the sellers taking 70%. Adam Back, the British cryptographer best known as the inventor of Hashcash and the CEO of Blockstream, is a central figure in H100’s expansion.  Back invested SEK 21 million — about $1.98 million — in H100 through a convertible loan structure with an option to expand to SEK 277 million, tying his capital to the company’s bitcoin accumulation strategy.  He is a backer of Future Holdings AG, the Zurich-based bitcoin treasury firm H100 agreed to acquire in January in a separate deal that kicked off the consolidation run. Back’s involvement gives H100 a credibility anchor that few European treasury firms can claim. His 1997 Hashcash paper was cited in Satoshi Nakamoto’s Bitcoin whitepaper, and Blockstream has been a cornerstone institution in BTC infrastructure since its founding in 2014.  The deal would put H100 behind Bitcoin Group SE — the German firm that holds 3,605 BTC — among Europe’s listed bitcoin treasury companies. At Tuesday’s price of $62,453 per coin, down more than 3.7% on the day 
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