H100 to Acquire Norwegian Firms, Tripling BTC Holdings

H100 Group, a Stockholm-based publicly listed company focused on Bitcoin treasury management, has signed a letter of intent to acquire two Norwegian firms, Moonshot AS and Never Say Die AS, in a move that would nearly triple its cryptocurrency holdings.

The transaction, announced recently, involves an all-share exchange structured as a Bitcoin-for-Bitcoin deal, with no cash consideration. Ownership stakes in the combined entity will be allocated based solely on the amount of Bitcoin contributed by each party. H100 currently holds approximately 1,051 BTC, while the targets collectively control about 2,450 BTC. Upon completion, the merged company's treasury would total roughly 3,501 BTC, valued at around 240 million at current market prices. This would position H100 as the second-largest publicly traded Bitcoin treasury firm in Europe, behind only Germany's Bitcoin Group with 3,605 BTC.

The acquisition aims to expand H100's balance sheet and enhance its presence in European capital markets without diluting existing shareholders' proportional exposure to Bitcoin. Company officials described the deal as a capital-efficient way to scale operations and attract greater institutional...