H100 Group wants to buy two Norwegian Bitcoin companies in a deal that could make it Europe’s second-largest listed Bitcoin treasury.
The Sweden-listed firm has signed a letter of intent to acquire Moonshot AS and Never Say Die AS. The deal is structured as a share-for-share swap — meaning H100 will issue new shares instead of paying any cash.
H100 currently holds 1,051 BTC. The two Norwegian companies hold around 2,450 BTC combined. If the deal goes through, H100’s total Bitcoin holdings would hit roughly 3,501 BTC.
That would put H100 just behind Germany’s Bitcoin Group among Europe’s publicly listed Bitcoin treasury companies.
Chairman Sander Andersen said scale and access to capital markets are becoming more important in the Bitcoin space, and this deal would strengthen the company in both areas.
H100 has also recently completed the acquisition of Switzerland-based Future Holdings AG, showing it is actively building its Bitcoin platform through deals.
The company expects to sign a final agreement by April 22, with closing expected after its annual general meeting scheduled for May 21, 2026. The deal still needs due diligence and corporate approvals before it can close.
