Stockholm-based H100 Group is a publicly traded bitcoin treasury company, offering institutional investors the opportunity to increase their crypto holdings. In the company’s latest announcement, it was announced that it intends to acquire Norway-based Moonshot AS and Never Say Die AS. With this step, H100 aims to significantly increase its holdings of bitcoin and become one of the leading crypto asset companies in Europe.
Bitcoin Based Purchasing Model and Company Profile
The planned acquisition will take place entirely in bitcoin rather than stock. It is stated that partnership rates will be determined only by the amount of bitcoin added by the parties to the system. This configuration keeps the ratio of shares per bitcoin held by existing investors constant and allows the company’s balance sheet to grow without any share dilution.
H100 Group expects the company’s total bitcoin reserves to increase to approximately 3,500 BTC after the merger. It is reported that target companies operating in Norway currently hold around 2,450 bitcoins in total. Once the transaction is completed, H100 Group will become among the largest publicly traded bitcoin treasury companies in Europe.
According to the company’s statement, with the merger, it is aimed for H100 Group to gain a stronger profile in the corporate field, increase its liquidity and expand its role in capital markets. In the background, Adam Back, one of the founders of Blockstream, an important name in the cryptocurrency industry, also supports the company as an investor.
Future Steps and Market Impact
It was reported that the acquisition process will be made entirely in exchange for shares and will not include cash payment. H100 Group also reminds that it previously announced a merger plan with Swiss Future Holdings AG in January, and states that this latest development is a part of the company’s growth strategy.
Final agreements are expected to be finalized by April 22. It is estimated that the completion of the transaction will be completed in a short time, depending on the approvals after the annual general assembly to be held in May.
By combining the bitcoin assets of Moonshot AS and Never Say Die AS, it is aimed to significantly strengthen H100 Group’s industry position. It is evaluated that this step could create a new balance in corporate bitcoin ownership in Europe.
Following the announcement, H100 Group shares gained nearly 2 percent in value. With such strategic moves, the company management aims to offer a broader bitcoin theme to its investors and markets.
