H100 eyes Europe’s largest bitcoin treasury with 3,500 BTC in proposed acquisitions

Stockholm-based H100 Group, a publicly listed bitcoin treasury company, has signed a letter of intent to acquire Norwegian peers Moonshot AS and Never Say Die AS. This proposed bitcoin-for-bitcoin acquisition, structured as an all-share transaction, would nearly triple H100's holdings to approximately 3,500 BTC, positioning it as potentially Europe's largest listed bitcoin treasury firm. The target companies collectively hold about 2,450 BTC. The structure aims to preserve shareholder exposure to bitcoin without dilution while significantly scaling the balance sheet. H100 also aims to enhance its institutional profile and market relevance. This follows a prior announcement regarding a planned combination with Zurich-based Future Holdings AG, with both entities backed by Adam Back. Definitive agreements are expected by April 22, with completion anticipated after the May annual general meeting, pending approvals.

(Source：CoinDesk)