H100 Targets 2,450 More Bitcoin – Here Is Why the Company Is Making a Major Treasury Expansion

• H100 plans to acquire two Norwegian Bitcoin treasury firms in an all-stock deal that would add approximately 2,450 BTC.
• The transaction would increase H100’s total Bitcoin holdings to roughly 3,501 BTC.
• Despite a sharp decline in its stock price, H100 continues pursuing aggressive Bitcoin accumulation strategies.

European Bitcoin treasury company H100 is preparing for a major expansion after signing a letter of intent to acquire Norwegian Bitcoin investment firms Moonshot AS and Never Say Die AS. If completed, the deal would significantly increase H100’s Bitcoin holdings and strengthen its position among the world’s largest public Bitcoin treasury companies.

The proposed acquisition reflects a growing trend among publicly traded firms that continue accumulating Bitcoin despite ongoing market weakness and volatility.

H100 Could More Than Triple Its Bitcoin Holdings

The transaction would add approximately 2,450 Bitcoin to H100’s existing treasury of 1,051 BTC. Once completed, the combined entity would control around 3,501 Bitcoin, worth nearly $240 million at current market prices.

Rather than using cash, H100 plans to complete the acquisition through an all-stock transaction. Existing shareholders of Moonshot AS and Never Say Die AS would receive newly issued H100 shares in exchange for their holdings.

The structure allows investors in both private companies to maintain exposure to Bitcoin while benefiting from participation in a larger publicly traded entity.

H100 Climbs Global Bitcoin Treasury Rankings

If the acquisition closes as planned, H100 would make a substantial jump in the rankings of public Bitcoin treasury companies.

The company would move from 44th place globally to approximately 27th, according to industry tracking data. Within Europe, H100 would become the second-largest public Bitcoin treasury company, trailing only Germany’s Bitcoin Group SE.

The expanded treasury would also allow H100 to surpass several notable competitors and strengthen its presence within the rapidly growing Bitcoin treasury sector.

Management believes larger scale is becoming increasingly important as competition among Bitcoin-focused companies intensifies.

Management Sees Scale as a Competitive Advantage

H100 Chairman Sander Andersen emphasized that the transaction is designed to improve the company’s scale, credibility, and access to capital markets.

According to Andersen, larger Bitcoin treasury companies may enjoy advantages when raising capital, attracting investors, and pursuing future acquisitions.

The company also indicated that the transaction will not replace its existing Bitcoin accumulation strategy. Management has reaffirmed plans to continue purchasing Bitcoin through open-market acquisitions even after the deal closes.

That commitment signals ongoing confidence in Bitcoin despite challenging market conditions.

Bitcoin Treasury Stocks Continue Facing Pressure

While H100 is aggressively expanding its Bitcoin exposure, the company’s stock performance highlights the difficulties facing many Bitcoin treasury firms.

Shares have fallen more than 74% over the past nine months and remain down over 26% year-to-date. The decline mirrors broader weakness across the Bitcoin treasury sector as cryptocurrency prices remain well below their late-2025 highs.

H100’s average Bitcoin acquisition cost currently sits above current market prices, leaving the company exposed to unrealized losses similar to many other treasury-focused firms.

Despite that pressure, management appears committed to increasing its long-term Bitcoin position.

European Bitcoin Companies Keep Buying

H100 is not alone in its strategy. Across Europe, several Bitcoin treasury companies continue accumulating BTC despite the ongoing market downturn.

Earlier this week, Capital B announced another Bitcoin purchase that increased its holdings to nearly 2,900 BTC. Similar acquisitions have become increasingly common among firms that view current prices as an opportunity rather than a threat.

Supporters of the strategy argue that periods of market weakness often provide the best opportunities for long-term accumulation.

Whether Bitcoin quickly recovers or remains under pressure, H100’s latest move demonstrates that some corporate buyers remain highly confident in the asset’s future potential.

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