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Event File CRYPTO Bitcoin

H100 Triples Bitcoin Holdings in Norwegian Acquisition

3 reports · First detected 2026-08-10 · Last active 2026-08-10

H100 Group AB, a Swedish health-technology company listed on NGM Nordic SME, has adopted a Bitcoin treasury strategy aimed at increasing cryptocurrency exposure per share. The company is backed by Blockstream co-founder Adam Back and has rapidly expanded its holdings through capital-market transactions. The acquisition marks a significant shift in Europe’s corporate Bitcoin landscape, where listed companies are increasingly using equity to build digital-asset reserves.

H100 completed its acquisition of Norway’s NSD AS on Aug. 10, 2026, adding 2,455.37 Bitcoin and lifting total holdings to 3,506.4 BTC, worth about $228 million. The cash-free transaction involved issuing roughly 790.5 million new H100 shares and used a July 31 Bitcoin reference price of about $62,900. The deal made H100 Europe’s second-largest listed Bitcoin treasury company, behind Germany’s Bitcoin Group SE.

All Coverage

3 original reports
THEBLOCK.CO 2026-08-10
Adam Back-backed H100 more than triples bitcoin holdings to 3,506 BTC in acquisition deal
THEBLOCK.CO 2026-08-10
Adam Back-backed H100 more than triples bitcoin holdings to 3,506 BTC in acquisition deal
COINTELEGRAPH.COM 2026-08-10
H100 becomes Europe’s No. 2 Bitcoin treasury after 2,455 BTC deal

The Backstory

The history behind this event
Sweden’s H100 Plans Norwegian Acquisitions to Become Europe’s No. 2 Listed Bitcoin Treasury Company2026-06-25 · 3 reports · similarity 0.93

H100 Group is a Swedish health technology and Bitcoin treasury company listed on NGM Nordic SME that uses its holdings to increase Bitcoin exposure per share. It plans to issue new shares to acquire Norway's Moonshot AS and Never Say Die AS, allowing the sellers to retain Bitcoin exposure while expanding the listed platform. If completed, the deal would make H100 Europe's second-largest listed Bitcoin treasury company, behind only Germany's Bitcoin Group SE.

H100 signed a letter of intent on March 23, 2026, to acquire the two companies in an all-stock transaction. The targets hold about 2,450 Bitcoin combined. Shareholders approved the issuance of the shares required for the transaction on June 23. Upon completion, H100's holdings would rise from 1,051 Bitcoin to about 3,501 Bitcoin, worth approximately $239.7 million at the price used when the proposal was announced. The sellers would own about 70% of the combined company.

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