H100 Group AB (H100), the Stockholm-based publicly listed bitcoin treasury firm, introduced a letter of intent (LOI) to accumulate Norwegian bitcoin-focused companies Moonshot AS and By no means Say Die AS.
The transfer, if accomplished, would roughly triple H100’s holdings to round 3,500 BTC, positioning the corporate amongst Europe’s largest listed bitcoin treasury companies and enhancing its institutional profile, in response to a press launch seen by Bitcoin Journal.
At present holding 1,051 BTC, the corporate would add the goal corporations’ mixed 2,450 BTC by means of the transaction.
The acquisition is structured as a bitcoin-for-bitcoin alternate, which means possession within the mixed entity will probably be decided solely by the variety of BTC contributed.
This preserves the present shareholders’ publicity per share whereas considerably increasing the corporate’s stability sheet. The deal is ready up as an all-share transaction with no money consideration, in line with H100’s technique of bitcoin-based mergers and acquisitions.
The transfer comes on the heels of H100’s January announcement concerning its mixture with Switzerland-based Future Holdings AG, additionally a bitcoin treasury firm, highlighting the agency’s ongoing effort to consolidate institutional-scale bitcoin holdings in Europe.
H100’s backing
Each acquisitions have backing from Adam Again, the British cryptographer and co-founder of Blockstream, reinforcing the community of skilled bitcoin buyers concerned within the transactions.
Chairman Sander Andersen emphasised the economic rationale for the deal, citing scale, credibility, and entry to capital markets as more and more necessary for publicly listed bitcoin companies.
“This transaction would considerably strengthen H100 in all these areas,” Andersen mentioned, noting that the acquisition aligns with H100’s ongoing capital markets and M&A method whereas leaving its itemizing construction and core operations unchanged.
The goal corporations convey extra than simply bitcoin holdings. Moonshot AS and By no means Say Die AS are led by seasoned professionals together with CEO Eirik Grøttum, a former systematic dealer and asset supervisor, and CIO Peter Warren, a hedge fund veteran with intensive expertise throughout equities, derivatives, and FX markets.
Along with founder Geir Harald Hansen, the pioneer behind the Bitminter BTC mining pool, the Norwegian groups convey operational experience and know-how capabilities anticipated to enrich H100’s treasury administration and capital markets actions.
Following completion, the corporate will stay the listed mother or father firm. Administration and board positions are anticipated to incorporate representatives from each H100 and the acquired companies, making certain continuity of current management whereas integrating new experience.
Present executives, together with Andersen and CEO Johannes Wiik, will proceed in central roles. Definitive agreements are focused by April 22, 2026, with completion anticipated shortly after H100’s annual normal assembly on Could 21, topic to regulatory approvals and customary circumstances.
The corporate continues to function its well being know-how enterprise alongside its bitcoin treasury technique, combining digital well being instruments and AI-powered options for suppliers of well being and way of life companies.
The agency mentioned its core enterprise mannequin and itemizing construction will stay unchanged even because it pursues aggressive progress in bitcoin holdings.
