Sweden’s H100 targets Norwegian firms in all-stock Bitcoin deal

1 hour ago

Sweden-listed health-tech and Bitcoin treasury institution H100 Group has entered into a missive of intent (LOI) with the shareholders of privately-held Norwegian Bitcoin companies Moonshot and Never Say Die to get each shares of the people companies successful speech for recently issued H100 stock.

The projected transaction would beryllium completed with recently issued H100 shares and nary currency consideration, a operation intended to sphere the sellers’ Bitcoin vulnerability portion moving the assets into a larger listed vehicle, according to a Monday property release.

A definitive statement is expected by April 22, with closing targeted aft H100’s yearly wide meeting. H100’s nationalist materials presently amusement inconsistent AGM dates: its investor-relations calendar lists April 21, portion a March 12 institution announcement referred to an AGM connected May 21.

If the woody goes ahead, it would marque H100 the second-largest listed Bitcoin treasury institution successful Europe down Germany’s Bitcoin Group, which holds 3,605 BTC. H100 presently holds 1,051 Bitcoin, portion the people companies clasp astir 2,450 BTC, bringing H100’s full to 3,501 BTC (worth astir $239.7 cardinal astatine existent prices) aft the deal, the merchandise states.

H100 is the 44th largest Bitcoin treasury institution worldwide. The woody would mean the institution would emergence to 27th successful the rankings, supra Cango Inc and France-based Capital B, according to Bitcointreasuries data.

The Norway woody follows H100’s completed acquisition of Switzerland-based Future Holdings AG.

“Scale, credibility and entree to superior markets are progressively important successful the Bitcoin space, and this transaction would importantly fortify H100 successful each these areas,” said Sander Andersen, president of H100.

The “challenging” marketplace situation makes the acquisition a invited accidental that strengthens the company’s Bitcoin presumption successful a capital-efficient manner, Andersen told Cointelegraph, pledging aboriginal BTC purchases.

Bitcoin treasury stocks stay nether pressure

H100’s banal terms has been declining. It fell by implicit 74% successful the past 9 months and implicit 26% year-to-date successful 2026, Yahoo Finance data shows.

The weakness mirrors broader unit crossed Bitcoin treasury stocks arsenic Bitcoin remains good beneath its October 2025 all-time high.

European Bitcoin treasury companies are continuing to accumulate BTC. Earlier connected Monday, treasury institution Capital B announced the acquisition of 44 Bitcoin for 2.7 cardinal euros ($3.1 million), topping 2,888 successful full BTC holdings astatine an mean outgo ground of $106,662 per coin.

H100’s mean outgo ground is $114,615 per BTC, Bitcointreasuries information shows.

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