Sweden-listed health technology and bitcoin treasury company H100 Group has completed an all-share acquisition of a Norway-based bitcoin company, adding 2,455 bitcoin to its balance sheet. H100 Group issued 790.5 million new shares as consideration for the deal. Total holdings rose to 3,506 bitcoin, while existing shareholders were diluted by approximately 70%. The transaction had no cash component and was valued at roughly $155 million using a 1:1 'bitcoin-for-bitcoin' benchmark. After the purchase, H100 Group's bitcoin position was worth close to $228 million. That puts the company ahead of most European peers and makes it Europe's second-largest corporate bitcoin treasury. Germany's Group SE remains out in front with 3,605 bitcoin. H100 Group had signed letters of intent in March to acquire two privately held Norwegian companies, Moonshot and Never Say Die. The company is a Sweden-listed health technology group that focuses on building a bitcoin treasury, and the latest deal was reported by Cointelegraph.
Sweden-listed H100 Group, a health technology and bitcoin treasury company, has closed the takeover of a Norwegian bitcoin company for 2,455 bitcoin. The purchase was settled entirely in shares: H100 Group issued 790.5 million new shares, and existing shareholders were diluted by roughly 70%.
The deal involved no cash consideration. Its stated value is about $155 million, based on a 1:1 "bitcoin-for-bitcoin" benchmark.
With the added coins, H100 Group now holds 3,506 bitcoin worth approximately $228 million. That places the company ahead of most European peers and behind only Germany's Group SE, which holds 3,605 bitcoin.
In March, H100 Group signed letters of intent to acquire privately held Norwegian companies Moonshot and Never Say Die. The transaction was reported by Cointelegraph.
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