H100 Group Signs Binding Agreement to Triple Bitcoin Holdings to 3,500 BTC

H100 Group AB, the Swedish-listed company managing a dedicated Bitcoin treasury alongside its health technology operations, has formalized its plans to significantly expand its Bitcoin holdings. The company announced today that it has entered into a binding share purchase agreement with the shareholders of the Norwegian companies Moonshot AS and Never Say Die AS. This deal converts the non-binding letter of intent signed on 23 March 2026 into a firm commitment.

Executive Chairman Sander Andersen told BitcoinTreasuries.net when the letter of intent was first announced, “Scale, credibility, and efficient access to public capital markets are increasingly decisive in the Bitcoin treasury space. This transaction would meaningfully strengthen H100 across all three dimensions.” Andersen also highlighted the efficiency of the approach, noting that “These are two private companies, which makes the transaction quite cost-efficient” and that “Managing 10,000 Bitcoin doesn't require proportionally more people than 1,000.”

Under the all-share transaction, structured on a Bitcoin-for-Bitcoin basis with no cash consideration, H100 will acquire 100% of the two target companies. H100 currently holds 1,051 Bitcoin. Upon closing, expected in August 2026, the combined entity is projected to hold approximately 3,500 Bitcoin, more than tripling its current reserves and positioning H100 among the leading publicly listed Bitcoin treasury companies in Europe.

The number of new H100 shares to be issued to the sellers will be finalized on 31 July 2026, calculated according to the total Bitcoin contributed by all parties and the prevailing BTC/SEK spot rate at that time. The transaction includes a pre-closing reorganization and remains subject to customary conditions, including shareholder approval.

This acquisition builds directly on H100’s strategy of growing its Bitcoin treasury through accretive corporate transactions rather than open-market purchases. It enhances the company’s balance sheet with a larger pool of unencumbered Bitcoin that can support future financing opportunities while integrating complementary investment and technology capabilities from the Norwegian entities. H100 will continue as the listed parent company on the NGM Nordic SME exchange, with its existing health and longevity business operating unchanged.

Following completion, ownership is expected to be approximately 30% for current H100 shareholders and 70% for the sellers of the target companies, based on today’s Bitcoin holdings. The principal seller, Geir Harald Hansen, has agreed to a 12-month lock-up period on his received shares, with limited exemptions.

This binding agreement marks clear execution progress from the earlier letter of intent and strengthens H100’s position in the growing landscape of corporate Bitcoin treasuries. The company continues to emphasize a market-neutral approach focused on long-term Bitcoin accumulation and increasing Bitcoin per share for shareholders.