In a significant acquisition of Bitcoin holdings, Sweden-listed health-tech company H100 Group more than tripled its Bitcoin portfolio. The transaction involved acquiring 2,455 BTC from Norwegian Bitcoin companies Moonshot and Never Say Die. This move significantly boosted H100’s Bitcoin holdings to approximately 3,506 BTC, placing it second in Europe by cryptocurrency ownership.
The acquisition was executed through the issuance of new shares to the sellers at a price of 1.86 Swedish kronor per share, valued at about $155 million for the BTC acquired. This transaction resulted in about 70% of existing shareholders being diluted as part of this share issuance.
Written by Rebecca Shaw
Industry Desk
