H100 Group Triples Bitcoin Holdings, Becomes Europe’s Second-Largest Treasury

Sweden listed health-tech company H100 Group has completed its acquisition of two Norwegian Bitcoin-holding firms, boosting its total Bitcoin treasury to 3,506 BTC from just over 1,000. The deal involved no cash payment, with H100 issuing 790.5 million new shares to the sellers instead, diluting existing shareholders by roughly 70%.

Deal Structured on Bitcoin-for-Bitcoin Basis

The shares were priced at about $0.20 each, valuing the transaction near $155 million. H100 said the consideration was calculated on a one-to-one Bitcoin basis, with share allocation determined by each seller’s proportional contribution to the combined Bitcoin holdings, excluding other assets and liabilities.

Now Europe’s Second-Largest Bitcoin Treasury

The completed acquisition brings H100’s Bitcoin holdings to a value of roughly $228 million, placing the company just behind Germany’s largest corporate Bitcoin holder in Europe. The deal was first announced in March, when H100 signed a letter of intent to acquire the two privately held Norwegian firms along with their Bitcoin reserves.