H100 Group has signed a letter of intent for a proposed acquisition that, if accomplished, would enhance its Bitcoin holdings to roughly 3,500 Bitcoin from about 1,051 Bitcoin.
https://x.com/H100Group/standing/2035971537841320232
The contemplated transaction entails the acquisition of Norwegian corporations Moonshot AS and By no means Say Die AS in change for newly issued H100 shares.
In keeping with the proposed construction, the deal can be carried out on a Bitcoin-for-Bitcoin foundation, with post-transaction possession decided by the quantity of Bitcoin contributed by every social gathering fairly than by a money buy value.
H100 mentioned the construction is meant to protect Bitcoin publicity on a per-share foundation for present shareholders whereas rising the size of the corporate’s stability sheet.
The transaction can be accomplished as an all-share take care of no money consideration.
If finalized, the acquisition would add funding, buying and selling, and know-how capabilities from the goal corporations whereas leaving H100 because the listed mother or father firm and maintaining its broader enterprise mannequin unchanged.
The corporate additionally mentioned its present operations, together with its well being know-how enterprise, would proceed following the transaction.
The corporate has beforehand indicated exterior assist for its bitcoin treasury technique, together with from Blockstream CEO Adam Again, who has publicly described Bitcoin as “digital gold.”
H100 said that the bigger Bitcoin treasury might enhance its institutional positioning, market relevance, and liquidity.
Based mostly on present holdings, the mixed firm would rank among the many bigger publicly listed Bitcoin treasury corporations in Europe.
The events are focusing on definitive agreements by April twenty second, 2026, with completion anticipated shortly after H100’s annual normal assembly on Might twenty first, 2026.
Share this text