H100 acquires 2,455 Bitcoin, holdings rise to 3,506

H100 Group completed its previously announced acquisition of NSD AS on Aug. 10, adding 2,455.37 Bitcoin and lifting its total treasury to 3,506.4 BTC. Summary H100 acquired 2,455.37 Bitcoin through NSD, raising its total treasury holdings to 3,506.4 Bitcoin overall. The transaction used no cash, with H100 issuing 790.5 million shares to NSD’s sellers instead. H100 priced consideration shares at SEK 1.86, using Bitcoin’s July 31 reference price for valuation. The new share issue creates approximately 70% dilution, while basic Bitcoin per share remains unchanged. H100 says fully diluted sats per share increased roughly 5%, while NSD carried no debt. The Stockholm listed company paid no cash for the transaction, instead issuing shares to the sellers under a Bitcoin for Bitcoin valuation structure, according to its official release. The acquired Bitcoin was valued using a July 31 reference price of SEK 598,926.69, or about $62,900 per BTC. At Bitcoin’s current price near $65,158, H100’s enlarged treasury is worth roughly $228.5 million. You might also like: H100 targets 3,501 BTC in new Norway stock deal H100 nearly triples its Bitcoin holdings The transaction follows a binding share purchase agreement signed on April 23 after the group first outlined the deal in March. NSD, formerly WR Start Up 594 AS, was reorganized so that it directly and indirectly owns Moonshot AS and PDI AS. H100 said the acquired company has no outstanding financial debt. H100 acquires 2,455.4 Bitcoin at approx. USD 62,900 per Bitcoin, increasing total holdings to 3,506 BTC. The transaction, announced in April, has now been completed: – Largest M&A transaction in the European Public Bitcoin Equity sector – World's first Bitcoin-for-Bitcoin… pic.twitter.com/08dX9slrQH — H100 (@H100Group) August 10, 2026 As crypto.news reported in the planned Norwegian acquisition, the original proposal was expected to raise H100’s treasury from about 1,051 BTC to roughly 3,501 BTC. The completed transaction ultimately added 2,455.37 BTC, taking the total slightly higher to 3,506.4 BTC. Importantly, the roughly $62,900 figure was an agreed valuation reference, not the price of an open market Bitcoin purchase. The group used the Coinbase BTC/SEK spot rate at 23:59 CEST on July 31 to determine the consideration share price. The release does not provide a new official average purchase price for the combined treasury, so describing all 2,455.37 BTC as Bitcoin bought at $62,900 would be imprecise. The group called the transaction the largest M&A deal in Europe’s public Bitcoin equity sector and “the first in the world done Bitcoin for Bitcoin.” Those descriptions are company claims and have not been independently established across every public market transaction. In addition, H100 issued 790,534,666 new shares to the sellers at SEK 1.86 each.