H100 becomes Europe’s No. 2 Bitcoin treasury after 2,455 BTC deal
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 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.
The newly issued shares diluted existing shareholders by about 70%. H100 priced them at 1.86 Swedish kronor ($0.20) each, valuing the transaction at about 1.47 billion kronor ($155 million).
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