H100 Completes Acquisition of 2,455.4 BTC, Total Holdings Reach 3,506 BTC

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H100, a Sweden-listed Bitcoin reserve company, announced a BTC update on its latest acquisition, purchasing 2,455.4 BTC at approximately $62,900 per BTC. Total holdings now amount to 3,506 BTC. This is the largest M&A transaction in the European public Bitcoin sector and the first-ever “Bitcoin-for-Bitcoin” deal in the global public market. The transaction was settled using H100 shares at 1.86 Swedish kronor per share. Fully diluted satoshis per share increased from 288 to 303. Today’s BTC news highlights growing activity in the public Bitcoin equity space.

ChainCatcher report: According to an official announcement, H100, a Swedish publicly listed Bitcoin reserve company, has completed a Bitcoin acquisition transaction, purchasing 2,455.4 BTC at approximately $62,900 per BTC, increasing its total holdings to 3,506 BTC. This transaction is reportedly the largest merger and acquisition in the European public Bitcoin equity space and the first-ever “Bitcoin-for-Bitcoin” M&A transaction on a public market. The entire transaction was settled using H100 shares, implying a share price of 1.86 Swedish krona (1x mNAV), with no cash consideration. The fully diluted satoshis per share increased by approximately 5%, rising from 288 to 303 satoshis, and the acquired party held no financial debt.

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