H100 Group AB is making a significant move in the Bitcoin space with the signing of a Letter of Intent (LOI) to acquire two Norwegian companies, Moonshot AS and Never Say Die AS. This strategic move, announced on March 23, 2026, will nearly triple H100’s Bitcoin holdings, increasing them from 1,051 to approximately 3,501 Bitcoin.
The all-share transaction is structured to merge the entities without diluting the underlying Bitcoin exposure for existing shareholders. This deal not only bolsters H100’s position as a leading listed treasury company in Europe but also integrates the expertise of Norwegian Bitcoin pioneers into the company’s operations.
Enhancing Market Position and Expertise
The acquisition is expected to bring significant benefits to H100. By integrating Moonshot AS and Never Say Die AS, the company aims to enhance its capital market access and technological capabilities. The new organizational structure will retain current leadership while adding investment and technology specialists from the target companies.
“We see strong industrial logic in this acquisition,” said Sander Andersen, Chairman of H100. “Scale, credibility, and access to capital markets are increasingly important in the Bitcoin space, and this transaction would significantly strengthen H100 in all these areas.”
Transaction Details and Timeline
Definitive agreements are expected to be finalized by April 22, 2026, with the transaction slated for completion following the annual general meeting on May 21, 2026. The company will maintain its current listing structure and health tech operations, ensuring a smooth transition and continued stability.
Strategic Expansion and Future Plans
H100’s aggressive expansion strategy is not limited to Norway. The company has also signed a letter of intent to acquire Future Holdings, which will further expand its Bitcoin treasury operations into Switzerland. This move underscores H100’s commitment to becoming a global leader in Bitcoin treasury management.
The acquisition of Moonshot AS and Never Say Die AS is a strategic step that positions H100 to capitalize on the growing demand for secure and scalable Bitcoin investments. As the cryptocurrency market continues to mature, H100’s expanded holdings and enhanced expertise will be crucial in navigating the evolving regulatory landscape and capitalizing on new opportunities.
Conclusion
The acquisition of these Norwegian companies is a clear indication of H100’s ambition to lead the Bitcoin treasury market. By combining the strengths of multiple entities, H100 is well-positioned to offer robust solutions and drive innovation in the cryptocurrency space. As the company continues to expand its footprint, the future looks promising for both H100 and its shareholders.
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