H100 Boosts Bitcoin Stack to 3,500 BTC with Norwegian Deal
H100 announced a letter of intent to acquire Norwegian firms Moonshot AS and Never Say Die AS, agreeing to issue new shares as consideration for the companies’ bitcoin holdings. If completed, the transaction would lift H100’s consolidated bitcoin position to about 3,500 BTC, substantially enlarging its corporate crypto treasury. The deal highlights a growing pattern of companies using equity deals to aggregate on-chain assets.
The transaction is positive for H100’s Bitcoin exposure and could strengthen its balance sheet and market profile, but shareholders should note potential dilution from the share issuance and await definitive terms. Regulators and auditors will likely scrutinize the consolidation and valuation of the acquired BTC. Overall, the LOI underscores ongoing consolidation in institutional bitcoin holdings and signals continued corporate appetite for scaling treasury-level crypto positions.