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The Swedish firm H100 has proposed to the owners of Norwegian companies Moonshot and Never Say Die to sell their businesses in exchange for an additional issuance of its shares. This transaction aims to consolidate bitcoin reserves, positioning H100 as the second-largest holder of BTC in Europe.
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H100 has indicated that the agreement does not involve any cash transactions. It is anticipated that the final contract will be signed by April 22, with the deal closing following H100’s annual shareholder meeting. The company’s public documents list different dates for the meeting: April 21 in the investor calendar and May 21 in a notice dated March 12.
H100’s chairman, Sander Andersen, stated that scale, trust, and access to capital markets are becoming crucial factors for the growth of the bitcoin industry, and this deal is expected to strengthen the company’s position in all three areas. He noted that the current market conditions make the acquisition particularly appealing and facilitate the effective increase of the reserve of the leading cryptocurrency.
If the transaction is completed, H100 will become the second-largest publicly traded company in Europe in terms of bitcoin reserves, following the German Bitcoin Group (3605 BTC). Currently, H100 holds 1051 BTC, while Moonshot and Never Say Die collectively own 2450 bitcoins.
In the global ranking of companies with the largest bitcoin reserves, H100 is positioned at 44th place. Following the deal, it could rise to 27th place, surpassing China’s Cango and France’s Capital B, which have reserves of 3313 and 2844 BTC, respectively.
Previously, American billionaire and head of Cardone Capital, Grant Cardone, announced plans to launch the world’s largest company operating simultaneously in both bitcoin and real estate by 2026.
