H100 Group shareholders cast their votes in Stockholm on Tuesday, giving the company’s board authority to close acquisitions of two Norwegian bitcoin treasury firms — a deal that would take the company’s holdings from 1,051 BTC to around 3,500 BTC and rank it second among Europe’s listed bitcoin treasury companies.
The annual general meeting was the decisive checkpoint for H100’s binding share purchase agreements with Moonshot AS and Never Say Die AS.
The two Norwegian companies hold a combined 2,450 BTC. Under the deal’s structure, existing H100 shareholders retain 30% of the merged entity, with the sellers taking 70%.
Adam Back, the British cryptographer best known as the inventor of Hashcash and the CEO of Blockstream, is a central figure in H100’s expansion.
Back invested SEK 21 million — about $1.98 million — in H100 through a convertible loan structure with an option to expand to SEK 277 million, tying his capital to the company’s bitcoin accumulation strategy.
