Sweden-based bitcoin treasury firm, H100 Group, has moved to significantly expand its holdings through a proposed acquisition of two Nordic crypto companies, a deal that could lift its reserves to about 3,500 bitcoin.

The company said it has signed a letter of intent to acquire Norway-based

• Moonshot and

• Never Say Die

in a transaction structured as a bitcoin-for-bitcoin exchange, meaning ownership in the combined entity will be determined by contributed BTC rather than cash.

The target firms collectively hold roughly 2,450 BTC, and if the deal is completed, H100’s total holdings would nearly triple, positioning it among the largest publicly listed bitcoin treasury companies in Europe.

Currently, H100 is number 44 among the largest Bitcoin treasury companies worldwide, and it will go up to number 27 in the rankings if the deal goes through.

The acquisition is expected to be finalized following definitive agreements targeted for April 2026 with completion anticipated after shareholder approval later in the year.

H100 said the structure is designed to preserve bitcoin exposure per share for existing investors while scaling its balance sheet as more companies adopt bitcoin-focused treasury strategies to attract capital market interest.

The move comes amid continued institutional accumulation of bitcoin even as the broader corporate treasury sector faces mixed investor sentiment and shifting market dynamics.

POLITICS | Leading UK Opposition Party Leader Invests in a Bitcoin Treasury Company

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