Key Highlights
- Share-based merger agreement signed for Moonshot AS and Never Say Die AS acquisition.
- Post-transaction bitcoin treasury reaches approximately 3,501 BTC.
- Deal structure maintains existing bitcoin exposure without shareholder dilution.
- Acquisition brings hedge fund and systematic trading experience to H100.
- Strategic move enhances H100’s European capital markets presence.
H100 has entered into a letter of intent for the acquisition of two Norwegian entities, Moonshot AS and Never Say Die AS. The agreement structures the transaction as an exchange of bitcoin assets for newly issued H100 equity. Upon closing, the combined entity will control around 3,501 bitcoin, elevating H100’s standing among Europe’s publicly traded bitcoin treasury operators.
The deal framework preserves a bitcoin-for-bitcoin equivalency, ensuring existing stakeholders retain their proportional cryptocurrency positions. Through this consolidation, H100 secures enhanced balance sheet strength and heightened market visibility. The strategic objective centers on amplifying H100’s influence in capital markets while safeguarding fundamental bitcoin holdings.
This acquisition delivers a seasoned technology and investment leadership group to H100. The incoming professionals will enhance H100’s current treasury management and capital markets capabilities. The expanded network incorporates distinguished bitcoin industry veterans, strengthening H100’s competitive positioning within the ecosystem.
Deal Framework and Strategic Intent
The acquisition terms for Moonshot AS and Never Say Die AS feature an all-equity structure. Post-closing ownership stakes in H100 will reflect the bitcoin contributions from each participating entity. The arrangement prevents any degradation of bitcoin exposure while simultaneously growing the company’s market capitalization.
The two target entities collectively possess roughly 2,450 bitcoin, complementing H100’s existing holdings of approximately 1,051 BTC. The unified portfolio will surpass 3,500 bitcoin, significantly enhancing H100’s treasury magnitude. This consolidation further positions H100 to access improved liquidity channels and attract institutional capital.
H100 seeks to strengthen its operational infrastructure for bitcoin acquisition and treasury oversight. The organization intends to advance its capital markets initiatives with reinforced support from the acquired teams. This transaction supports H100’s ambition of establishing itself as Europe’s preeminent publicly listed bitcoin treasury enterprise.
Acquired Entities and Management Structure
Moonshot AS and Never Say Die AS specialize in bitcoin accumulation strategies and investment operations. These organizations operate under the guidance of seasoned professionals with extensive experience in algorithmic trading and hedge fund administration. Their competencies directly support H100’s extended bitcoin treasury vision.
Geir Harald Hansen, creator of the Bitminter mining platform, serves as the owner of both target companies. Throughout its operation, Bitminter successfully mined more than 208,000 BTC, accounting for approximately 1% of bitcoin’s total supply. This acquisition introduces profound bitcoin market understanding into H100’s organizational framework.
H100 will preserve its current leadership structure, with CEO Johannes Wiik and Chairman Sander Andersen remaining in their respective roles. Key personnel from Moonshot AS and Never Say Die AS will be incorporated into H100’s governance and executive teams. This configuration ensures operational consistency while capitalizing on synergistic knowledge to advance the company’s competitive standing.
