H100 Eyes Strategic Bitcoin Acquisition to Triple its BTC Holdings and Expand Institutional Scale
H100 Group AB intends to acquire two Norwegian firms to triple its Bitcoin holdings to approximately 3,500 BTC.Summary
Stockholm-based H100 Group AB announced a letter of intent (LOI) to acquire Norwegian bitcoin-focused firms Moonshot AS and Never Say Die AS. This strategic move, structured as an all-share, bitcoin-for-bitcoin exchange, is expected to increase H100's current 1,051 BTC holdings by roughly 2,450 BTC, totaling around 3,500 BTC, positioning it as one of Europe's largest listed bitcoin treasury firms.
The acquisition, which follows a similar combination announcement with Future Holdings AG, aims to enhance H100's scale, credibility, and access to capital markets, according to Chairman Sander Andersen. The deal is backed by figures like Adam Back. The acquired companies bring experienced leadership, including CEO Eirik Grøttum and CIO Peter Warren, along with operational expertise from mining pool founder Geir Harald Hansen.
Definitive agreements are targeted for April 22, 2026, with completion expected shortly after the May 21 annual general meeting. H100 will maintain its listing structure and continue operating its existing health technology business alongside its growing bitcoin treasury strategy.
(Source：Bitcoin Magazine)