Sweden-listed health-tech and Bitcoin (BTC) treasury business H100 Group has actually participated in a letter of intent (LOI) with the investors of privately-held Norwegian Bitcoin business Moonshot and Never ever State Pass away to obtain all shares of the target business in exchange for freshly provided H100 stock.
The proposed deal would be finished with freshly provided H100 shares and no money factor to consider, a structure planned to protect the sellers’ Bitcoin direct exposure while moving the possessions into a bigger noted automobile, according to a Monday news release.
A conclusive arrangement is anticipated by April 22, with closing targeted after H100’s yearly basic conference. H100’s public products presently reveal irregular AGM dates: its investor-relations calendar lists April 21, while a March 12 business notification described an AGM on Might 21.
If the offer proceeds, it would make H100 the second-largest noted Bitcoin treasury business in Europe behind Germany’s Bitcoin Group, which holds 3,605 BTC. H100 presently holds 1,051 Bitcoin, while the target business hold about 2,450 BTC, bringing H100’s overall to 3,501 BTC (worth around $239.7 million at existing costs) after the offer, the release states.
H100 is the 44th biggest Bitcoin treasury business worldwide. The offer would suggest the business would increase to 27th in the rankings, above Cango Inc and France-based Capital B, according to Bitcointreasuries information.
The Norway offer follows H100’s finished acquisition of Switzerland-based Future Holdings AG.
” Scale, trustworthiness and access to capital markets are progressively essential in the Bitcoin area, and this deal would considerably reinforce H100 in all these locations,” stated Sander Andersen, chairman of H100.
The “difficult” market environment makes the acquisition a welcome chance that reinforces the business’s Bitcoin position in a capital-efficient way, Andersen informed Cointelegraph, vowing future BTC purchases.
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Bitcoin treasury stocks stay under pressure
H100’s stock cost has actually been decreasing. It fell by over 74% in the previous 9 months and over 26% year-to-date in 2026, Yahoo Financing information programs.
The weak point mirrors more comprehensive pressure throughout Bitcoin treasury stocks as Bitcoin stays well listed below its October 2025 all-time high.
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European Bitcoin treasury business are continuing to collect BTC. Previously on Monday, treasury business Capital B revealed the acquisition of 44 Bitcoin for 2.7 million euros ($ 3.1 million), topping 2,888 in overall BTC holdings at a typical expense basis of $106,662 per coin.
H100’s typical expense basis is $114,615 per BTC, Bitcointreasuries information programs.
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