H100 Group shareholders approved the acquisition of two firms holding a combined 2,449 Bitcoin, boosting the Swedish company's reserves to about 3,500 coins. The deal, approved at the annual general meeting on June 23, positions H100 as one of Europe's largest publicly listed Bitcoin treasury companies.
H100 Group will expand its Bitcoin reserves to about 3,500 coins after shareholders approved the acquisition of two firms holding 2,449 Bitcoin.
"All resolutions were approved by shareholders, including the authorization to issue and acquire consideration shares related to Moonshot AS and Never Say Die AS," H100 said in an official statement following the annual general meeting.
The transaction increases H100's Bitcoin holdings from 1,051 to approximately 3,500 coins, a gain of about 233 percent. The deal structure involves consideration shares issued to the sellers of the two acquired entities, Moonshot AS and Never Say Die AS. H100 did not disclose the exact number of shares issued or their valuation, leaving the dilution impact unclear for existing shareholders.
The acquisition cements H100's position as Sweden's first publicly listed Bitcoin reserve company and places it among the largest corporate Bitcoin holders in Europe. The share-based consideration structure raises potential governance concerns, as existing shareholders absorb dilution without the company taking on debt.
H100 joins a growing cohort of publicly traded companies adopting Bitcoin as a primary treasury asset, a strategy popularized by Strategy, which holds more than 500,000 Bitcoin. Unlike Strategy's debt-funded approach, H100's acquisition uses equity consideration, shifting dilution risk to shareholders rather than adding leverage to the balance sheet.
The corporate Bitcoin treasury trend has accelerated since the launch of spot Bitcoin exchange-traded funds in the United States in early 2024, which provided institutional investors with regulated exposure to the asset class. Companies such as Semler Scientific and Metaplanet have also adopted Bitcoin treasury strategies, though at smaller scales than Strategy. In Europe, H100's move signals growing appetite among listed companies outside the US to follow the model.
H100 first disclosed its Bitcoin treasury strategy in 2025, positioning itself as a Nordic alternative to US-based corporate Bitcoin holders. The company's stock performance has increasingly correlated with Bitcoin's price movements, a pattern observed across publicly traded Bitcoin treasury companies. As of June 23, H100's market capitalization and trading volume data were not immediately available.
The deal's completion remains subject to customary closing conditions. H100 did not provide a specific timeline for finalizing the transaction or disclose whether the acquired firms' Bitcoin holdings have been transferred to H100's custody.
This article is for informational purposes only and does not constitute investment advice.
