H100 go expand im Bitcoin treasury reach about ~3,500 BTC through Norway acquisitions wey dem go pay with shares
H100 Group wey dey listed for Sweden dey plan to grow dia Bitcoin treasury by to chop two Norway-based companies, Moonshot and Never Say Die. The deal na all-stock, no cash involved, so existing shareholders fit still hold Bitcoin exposure while the combined listed treasury go consolidate di holdings.
If e complete, H100 Bitcoin treasury go rise from 1,051 BTC to about 3,500 BTC, based on how the targets hold. That fit make H100 one of Europe biggest corporate/treasury Bitcoin holders, maybe No. 2 behind Germany’s Bitcoin Group. H100 dey expect shareholder approvals and wan sign definitive agreements before April 22, aiming to finish before dia May 21 AGM.
On the other hand, Capital B report say dem buy 44 BTC for €2.7 million at average €61,763 per BTC, and dem cite 0.72% BTC yield year-to-date.
For traders, H100 expansion of Bitcoin treasury na incremental buy-side demand and e strong the Europe "institutional/corporate treasury BTC" story, wey fit support sentiment even as BTC still far below im October peak.
Bullish
H100 wei di buy wit share na design make dem join Bitcoin wey dem get into one bigger public Bitcoin treasury, wey mean say corporate dem go still dey buy if di deal enta. Di move still dey push di Europe story of "institutional/corporate treasury BTC", fit make sentiment better and make funds wey dey track listed treasury metrics start dey look am. Even though timing (approvals and signing/closing) fit cause wahala and volatility when headline dem drop, di direction for BTC demand na positive for short-term (headline-driven flows) and long-term (bigger treasury base).