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H100 Shareholders Approve Bitcoin Deal That Would Make It Europe’s No. 2 Listed Treasury
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H100 shareholders approved a deal to acquire two Norwegian bitcoin treasury firms, a move that would boost the company's holdings to 3,500 BTC.
Key facts
- Back invested SEK 21 million, about $1.98 million, in H100 through a convertible loan structure with an option to expand to SEK 277 million, tying his capital to the company’s bitcoin accumulation
- Mow’s kicker was this: BSTR would hold the lowest cost basis of any major treasury, arriving while BTC trades near its 200-day moving average around $62,000
- The deal would put H100 behind Bitcoin Group SE, the German firm that holds 3,605 BTC, among Europe’s listed bitcoin treasury companies
- On top of all this, Cantor Equity Partners the reporter shareholders vote Friday to bring Back’s Bitcoin Standard Treasury Company public on Nasdaq under the ticker BSTR, entering the global leaderboard
Summary
H100 Group shareholders cast their votes in Stockholm on Tuesday, giving the company’s board authority to close acquisitions of two Norwegian bitcoin treasury firms, a deal that would take the company’s holdings from 1,051 BTC to around 3,500 BTC and rank it second among Europe’s listed bitcoin treasury companies. The annual general meeting was the decisive checkpoint for H100’s binding share purchase agreements with Moonshot AS and Never Say Die AS. The two Norwegian companies hold a combined 2,450 BTC. Adam Back, the British cryptographer best known as the inventor of Hashcash and the CEO of Blockstream, is a central figure in H100’s expansion.