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Sweden’s H100 more than tripled its Bitcoin holdings to 3,506 BTC after completing an acquisition involving 2,455 BTC.
Key facts
The acquisition brought the value of H100’s Bitcoin holdings to about $228 million, making it Europe’s second-largest Bitcoin treasury company by holdings, behind Germany’s Bitcoin Group SE
Sweden’s H100 more than tripled its Bitcoin holdings to 3,506 BTC after completing an acquisition involving 2,455 BTC
Sweden-listed health-tech and Bitcoin treasury company H100 Group completed its acquisition of Norwegian Bitcoin companies holding 2,455 Bitcoin (BTC), more than tripling its Bitcoin treasury
H100 said the consideration was calculated on a 1:1 “Bitcoin-for-Bitcoin” basis, with the number of shares issued determined by the sellers’ proportionate share of the combined Bitcoin holdings
Summary
Sweden-listed health-tech and Bitcoin treasury company H100 Group completed its acquisition of Norwegian Bitcoin companies holding 2,455 Bitcoin (BTC), more than tripling its Bitcoin treasury to 3,506 BTC. The transaction involved no cash consideration, with H100 issuing 790.5 million new shares to the sellers, the company said in a Monday press release. H100 said the consideration was calculated on a 1:1 “Bitcoin-for-Bitcoin” basis, with the number of shares issued determined by the sellers’ proportionate share of the combined Bitcoin holdings of H100 and the acquired companies. The acquisition brought the value of H100’s Bitcoin holdings to about $228 million, making it Europe’s second-largest Bitcoin treasury company by holdings, behind Germany’s Bitcoin Group SE with 3,605 BTC, according to BitcoinTreasuries.