Key facts
- H100 Group acquired Norwegian Bitcoin companies holding 2,455 BTC.
- H100 Group's total Bitcoin holdings increased to 3,506 BTC.
- The acquisition was completed through the issuance of 790.5 million new shares.
- The transaction was valued at approximately 1.47 billion kronor ($155 million).
- The new shares diluted existing shareholders by about 70%.
Sweden-listed H100 Group has significantly expanded its Bitcoin holdings, acquiring 2,455 BTC from Norwegian companies Moonshot and Never Say Die. This transaction more than triples H100's treasury to 3,506 BTC, valued at approximately $228 million. The deal, announced in March and now completed, involved no cash consideration. Instead, H100 issued 790.5 million new shares to the sellers at 1.86 Swedish kronor ($0.20) each, valuing the acquisition at about 1.47 billion kronor ($155 million). This share issuance resulted in approximately a 70% dilution for existing shareholders. Following the acquisition, H100 Group has become Europe's second-largest Bitcoin treasury company, trailing only Germany's Bitcoin Group SE, which holds 3,605 BTC.