H100 Group has signed a letter of intent to purchase Norwegian Bitcoin firms Moonshot AS and By no means Say Die AS by means of an all-share deal.
Abstract
- H100 plans an all-stock deal to amass Moonshot and By no means Say Die in Norway.
- The proposed acquisition might increase H100’s Bitcoin holdings to about 3,501 BTC whole.
- If accomplished, H100 would grow to be Europe’s second-largest listed Bitcoin treasury firm by holdings.
If accomplished, the transaction would broaden H100’s Bitcoin treasury and transfer the Sweden-listed firm nearer to the highest tier of Europe’s public Bitcoin holders.
In keeping with a press launch, H100 mentioned the proposed transaction could be carried out as a share-for-share acquisition. Below the plan, H100 would difficulty new shares to amass all shares in Moonshot AS and By no means Say Die AS, with no money fee included within the construction.
The corporate mentioned this setup is designed to maintain the sellers uncovered to Bitcoin by means of shares in a listed firm. H100 added that the ultimate phrases will likely be set in definitive agreements, whereas the deal stays topic to due diligence, company approvals, and inventory trade necessities.
Bitcoin holdings might rise to about 3,501 BTC
Bitcointreasuries information exhibits H100 at present holds 1,051 BTC. The corporate mentioned the 2 goal companies maintain about 2,450 BTC mixed, which might carry the whole to about 3,501 BTC if the acquisition closes.
That whole would place H100 simply behind Germany’s Bitcoin Group amongst Europe’s listed Bitcoin treasury firms. Bitcointreasuries ranks H100 forty fourth amongst public Bitcoin treasury firms worldwide at current, and the added holdings would transfer it nicely above its present standing.
H100 chairman Sander Andersen mentioned,
“Scale, credibility and entry to capital markets are more and more vital within the Bitcoin area, and this transaction would strengthen H100 in these areas.”
That assertion appeared in public reporting on the deliberate acquisition and outlined the corporate’s said cause for the transfer.
The corporate has additionally accomplished the acquisition of Switzerland-based Future Holdings AG, displaying that it’s nonetheless constructing its Bitcoin treasury platform by means of offers. H100 mentioned the brand new transaction wouldn’t change its itemizing construction or its function because the listed mum or dad firm.
AGM timing and share efficiency stay in focus
H100 expects to signal a definitive settlement by April 22. The corporate has mentioned closing would come after its annual common assembly, however its present monetary calendar lists the AGM on Might 21, 2026.
The proposed deal comes whereas H100 shares stay below strain and Bitcoin treasury firms proceed to face a weaker market surroundings.
