H100 Group Buys 2,455 Bitcoin, Becomes Europe's Second-Largest Bitcoin Treasury

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.