H100 Group Completes Acquisition, Nearly Triples Bitcoin Treasury to 3,506 Coins

H100 Group AB, a Sweden-based company, has completed its acquisition of NSD AS, a Norwegian firm, in a deal that nearly tripled its Bitcoin treasury to 3,506 coins. The transaction, which settled on August 10, 2026, was funded entirely through the issuance of new stock and is described by the company as the largest merger and acquisition deal in the European public Bitcoin equity sector and the world's first Bitcoin-for-Bitcoin public market acquisition.

The deal adds 2,455.37 Bitcoin to H100's holdings, which previously stood at 957.5 BTC. The acquisition was executed without any cash consideration. Instead, H100 issued 790.5 million new shares to the sellers of NSD AS at a price of SEK 1.86 each. This share price was determined using a Bitcoin reference price of approximately $62,900 per coin, based on the Coinbase BTC/SEK spot rate on July 31, 2026. The total value of the consideration was about SEK 1.47 billion.

The move significantly reshuffles the rankings of European public companies holding Bitcoin on their balance sheets. H100 now holds the second-largest position in Europe, trailing only Germany's Bitcoin Group SE, which holds 3,605 BTC. H100 has surpassed France's...