H100 Group AB just got a whole lot more orange-pilled. Shareholders of the Stockholm-listed company voted on June 23 to greenlight the acquisition of two Norwegian firms, Moonshot AS and Never Say Die AS, which collectively hold approximately 2,449 Bitcoin.
The deal will catapult H100’s Bitcoin treasury from 1,051 BTC to roughly 3,500 BTC, placing the company among Europe’s larger publicly traded Bitcoin treasury entities.
How the deal works
H100 isn’t writing a check or taking on debt. Instead, the company is issuing new shares to the owners of Moonshot AS and Never Say Die AS in exchange for 100% ownership of both firms. No cash component whatsoever.
H100 signed a non-binding letter of intent on March 23, 2026, then locked in a binding share purchase agreement exactly one month later on April 23. The deal is expected to close in Q3 2026, likely around August, pending customary regulatory conditions.
