H100 has announced its intention to acquire the Norwegian bitcoin-focused companies, Moonshot AS and Never Say Die AS. The acquisition is structured as a share swap, which enables H100 to increase its bitcoin holdings while maintaining the existing shareholders’ exposure. This strategic move will expand H100’s bitcoin reserves to approximately 3,501 BTC, solidifying its reputation as a leading publicly traded bitcoin treasury firm in Europe. H100 specializes in managing bitcoin treasuries, trading, and participating in capital markets across the continent.
How Will the Acquisition Be Structured?
The acquisition will involve issuing new shares tied to the bitcoin contributions of Moonshot AS and Never Say Die AS, ensuring proportional exposure remains the same for all stakeholders. This approach avoids diluting cryptocurrency exposure while broadening H100’s asset base. Moonshot AS and Never Say Die AS are set to bring roughly 2,450 BTC to H100, enhancing the latter’s existing reserve of around 1,051 BTC.
What Expertise Does the Deal Bring?
The acquisition also means integrating a skilled team of technology and investment experts into H100. This team will join H100’s board and management, providing additional expertise in systematic trading and hedge fund management. This decision is integral to H100’s strategy to amplify its role in institutional capital markets and improve its treasury management capabilities in the digital asset arena.
The enlarged team is expected to enhance liquidity management, capitalize on capital market opportunities, and streamline treasury oversight. These improvements are anticipated to attract more institutional investors within Europe’s dynamic digital asset landscape. Geir Harald Hansen, a prominent figure associated with pioneering bitcoin ventures, leads the two acquired firms. His leadership adds further influence to H100’s trajectory of growth.
Post-acquisition, H100 intends to maintain its current leadership structure, with Johannes Wiik continuing as CEO and Sander Andersen as Chairman. Key individuals from the acquired companies will join H100’s board, ensuring continuity and the enrichment of H100’s functional capabilities.
“This share-based exchange maintains the integrity of our bitcoin exposure and positions us to capitalize on market opportunities with a larger, more skilled team and treasury. Our goal remains clear: to lead as Europe’s principal public bitcoin treasury,” a spokesperson from H100 affirmed.
The merger awaits approval processes, but it is expected to bolster H100’s asset base, enhance liquidity access, and expand market reach. Such advancements will potentially elevate H100’s appeal to institutional investors within the digital asset sector.
