{"id":52884,"date":"2026-06-23T11:30:42","date_gmt":"2026-06-23T16:30:42","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=52884"},"modified":"2026-06-23T11:31:16","modified_gmt":"2026-06-23T16:31:16","slug":"h100-shareholders-approve-bitcoin-deal","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/news\/h100-shareholders-approve-bitcoin-deal","title":{"rendered":"H100 Shareholders Approve Bitcoin Deal That Would Make It Europe’s No. 2 Listed Treasury"},"content":{"rendered":"
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H100 Group shareholders cast their votes in Stockholm on Tuesday, giving the company’s board authority to close acquisitions<\/a> of two Norwegian bitcoin treasury firms \u2014 a deal that would take the company’s holdings from 1,051 BTC to around 3,500 BTC and rank it second<\/a> among Europe’s listed bitcoin treasury companies.<\/p>\n\n\n\n

The annual general meeting was the decisive checkpoint for H100’s binding share purchase agreements with Moonshot AS and Never Say Die AS. <\/p>\n\n\n\n

The two Norwegian companies hold a combined 2,450 BTC. Under the deal’s structure, existing H100 shareholders retain 30% of the merged entity, with the sellers taking 70%.<\/p>\n\n\n\n

Adam Back, the British cryptographer best known as the inventor of Hashcash and the CEO of Blockstream, is a central figure in H100’s expansion. <\/p>\n\n\n\n

Back invested<\/a> SEK 21 million \u2014 about $1.98 million \u2014 in H100 through a convertible loan structure with an option to expand to SEK 277 million, tying his capital to the company’s bitcoin accumulation strategy. <\/p>\n\n\n\n

He is a backer of Future Holdings AG, the Zurich-based bitcoin treasury firm H100 agreed<\/a> to acquire in January in a separate deal that kicked off the consolidation run.<\/p>\n\n\n\n

Back’s involvement gives H100 a credibility anchor that few European treasury firms can claim. His 1997 Hashcash paper was cited in Satoshi Nakamoto’s Bitcoin whitepaper, and Blockstream has been a cornerstone institution in BTC infrastructure since its founding in 2014.\u00a0<\/p>\n\n\n\n

The deal would put H100 behind<\/a> Bitcoin Group SE \u2014 the German firm that holds 3,605 BTC \u2014 among Europe’s listed bitcoin treasury companies. At Tuesday’s price of $62,453 per coin, down more than 3.7% on the day amid a broader market selloff<\/a>, a 3,500 BTC treasury carries a market value near $218 million.<\/p>\n\n\n\n

H100’s pivot from health-tech company to bitcoin treasury vehicle has been one of the more dramatic corporate identity shifts in European markets over the past year. The company’s stock climbed 280% after its bitcoin strategy announcement, and the Moonshot and Never Say Die acquisitions are the culmination of a consolidation effort that began with the Future Holdings letter of intent in January.<\/p>\n\n\n\n

The model mirrors what Strategy<\/a> built on the other side of the Atlantic: treat BTC as the core reserve asset, issue shares to fund accumulation, and grow holdings through deal-making.\u00a0<\/p>\n\n\n\n

H100 has added a Nordic angle, absorbing regional firms to build scale in a market where BTC treasury companies have proliferated without a clear dominant player.<\/p>\n\n\n\n

Meanwhile, BSTR eyes public listing with 30,021 bitcoin<\/h2>\n\n\n\n

On top of all this, Cantor Equity Partners I shareholders vote<\/a> Friday to bring Back\u2019s<\/a> Bitcoin Standard Treasury Company public on Nasdaq under the ticker BSTR \u2014 entering the global leaderboard at fifth place with 30,021 BTC secured at close.<\/p>\n\n\n\n

The ranking may not hold long. A $1.5 billion PIPE deal is in motion, and Samson Mow ran<\/a> the math on X Tuesday: fully deployed at current prices, it buys roughly 23,500 additional coins, pushing BSTR’s total to around 53,500 BTC and second place globally \u2014 behind only Strategy. <\/p>\n\n\n\n

Mow’s kicker was this: BSTR would hold the lowest cost basis of any major treasury, arriving while BTC trades near its 200-day moving average around $62,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

H100 shareholders approved a deal to acquire two Norwegian bitcoin treasury firms, a move that would boost the company’s holdings to 3,500 BTC.<\/p>\n","protected":false},"author":3817,"featured_media":52888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4378],"tags":[118,5732,340,997],"class_list":["post-52884","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-adam-back","tag-h100-group","tag-nasdaq","tag-public-listing"],"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/06\/H100-Shareholders-Approve-Bitcoin-Deal-That-Would-Make-It-Europes-No.-2-Listed-Treasury.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/52884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=52884"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/52884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/52888"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=52884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=52884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=52884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}