Sweden’s H100 greater than tripled its Bitcoin holdings to three,506 BTC after finishing an acquisition involving 2,455 BTC.
Sweden-listed health-tech and Bitcoin treasury firm H100 Group accomplished its acquisition of Norwegian Bitcoin firms holding 2,455 Bitcoin (BTC), greater than tripling its Bitcoin treasury to three,506 BTC.
The transaction concerned no money consideration, with H100 issuing 790.5 million new shares to the sellers, the corporate stated in a Monday press launch.
The newly issued shares diluted current shareholders by about 70%. H100 priced them at 1.86 Swedish kronor ($0.20) every, valuing the transaction at about 1.47 billion kronor ($155 million).
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