H100 becomes Europe’s No. 2 Bitcoin treasury after 2,455 BTC deal

Sweden's H100 Group has more than tripled its Bitcoin holdings to 3,506 BTC following a deal involving 2,455 BTC. The transaction, which did not involve any cash consideration, saw H100 issue 790.5 million new shares to the sellers, diluting existing shareholders by approximately 70%. The newly issued shares were priced at 1.86 Swedish kronor ($0.20) each, with the transaction valued at about 1.47 billion kronor ($155 million).

H100 described the consideration as calculated on a 1:1 "Bitcoin-for-Bitcoin" basis, based on the sellers' proportionate share of the combined Bitcoin holdings of H100 and the acquired companies. The acquisition makes H100 Europe's second-largest Bitcoin treasury company by holdings, behind Germany's Bitcoin Group SE with 3,605 BTC.