H100 Group, a Stockholm-based bitcoin treasury company, announced a proposed acquisition of Norwegian firms Moonshot AS and Never Say Die AS. The deal would triple H100’s bitcoin holdings to around 3,500 BTC, making it one of Europe’s largest listed bitcoin treasury firms.
The transaction is structured as a bitcoin-for-bitcoin exchange, preserving shareholder exposure while scaling the company’s balance sheet. The target companies hold about 2,450 BTC. Definitive agreements are expected by April 22, with completion anticipated after the company’s annual general meeting in May.
The announcement sent H100 shares up 2% on the day.