The Swedish health-tech and Bitcoin treasury company H100 Group has disclosed a pre-tax loss of 98 million kronor ($10.3 million) for the second quarter of 2026, driven largely by a non-cash write-down linked to a decline in Bitcoin’s value. The firm also reported a cumulative loss of 253 million kronor for the first half of the year, despite a slight rise in operating income.
H100’s operating income for Q2 remained flat at 3 million kronor compared to the same period in 2025, while first-half operating income increased marginally to 6.1 million kronor. The company’s Bitcoin holdings rose to 3,506 BTC following an acquisition in August, positioning it as Europe’s second-largest Bitcoin treasury firm.
BitcoinTreasuries, which tracks such data, noted that H100’s holdings now total $226 million. However, Germany-based Bitcoin Group retains the largest European Bitcoin treasury with 3,605 BTC.
“Nearly all of the Q2 loss was a non-cash write-down attributed to Bitcoin’s (BTC) price decline during the period,” H100 Group stated in a Wednesday X post, highlighting the volatility’s impact on its balance sheet.
Written by James Tobias
Bitcoin Desk
