H100 Group, a Swedish health technology company-turned-bitcoin treasury firm backed by Blockstream CEO Adam Back, more than tripled its bitcoin holdings after acquiring the Norwegian firms Moonshot and PDI.
The company added 2,455.7 BTC through the deal, bringing its total holdings to over 3,506 BTC worth roughly $226.7 million at current prices.
This vaulted H100 from the 42nd-largest to the 26th-largest public corporate bitcoin holder, putting it within striking distance of the Winklevoss-led Gemini treasury, according to Bitcoin Treasuries.
H100 bitcoin acquisition chart.
Source: H100 H100 paid for the acquisition by issuing roughly 790.5 million new shares to the sellers rather than using cash.
