H100 Group Triples Bitcoin Holdings With Major Acquisition

H100 Group just finalized a massive expansion of its Bitcoin reserves. The company completed the purchase of NSD AS, which added 2,455.37 BTC to its balance sheet. This move brings the total treasury to 3,506.4 BTC, making the firm one of the largest public Bitcoin holders in Europe.

The deal was valued at roughly 154 million dollars. H100 Group structured the transaction using new share issuance to ensure that the Bitcoin per share metric remained stable for existing investors. This represents the largest merger and acquisition deal seen so far in the European public Bitcoin equity sector.

While the company is clearly betting big on the future of the asset, its current position is still under pressure. The firm holds an average purchase price of 78,400 dollars per coin, meaning the treasury is currently showing a loss based on recent market prices. The company started its journey into digital assets with a small purchase in May and has ramped up its strategy significantly over the past year.

Investors are now watching to see how the market reacts to this scale of institutional accumulation. With its treasury now sitting at a value near 230 million dollars, H100 Group is signaling a strong commitment to its reserve strategy despite the current volatility in the crypto market.