H100 Group strengthens its position: reserves reached 3,506 BTC after the largest deal in Europe
Swedish company H100 Group is confidently expanding its bitcoin portfolio, having completed the strategic acquisition of NSD (formerly known as WR Start). As a result of the deal, the corporate treasury was replenished with 2,455.37 BTC, bringing the total holdings to an impressive 3,506.4 BTC. This is not just another transaction — this acquisition has become the largest in the European segment of public bitcoin treasuries, underscoring the company's ambitions in the continental market.
The deal structure deserves special attention: it was executed under a "Bitcoin-for-Bitcoin" scheme, meaning without any cash payments. This approach demonstrates the maturity of the market and the growing practice of using digital gold as a full-fledged tool for corporate mergers and acquisitions. Instead of traditional fiat settlements, H100 Group used its core asset, indicating a high degree of confidence in bitcoin's long-term value.
Investors should note a key performance indicator: the BTC per fully diluted share metric has increased by approximately 5%. This means shareholders benefit from the consolidation without capital dilution in fiat terms — a rare case where a strategic move directly increases the intrinsic value of each share in bitcoin equivalent.
In my view, this deal is a signal to the entire market. H100 Group is not just accumulating an asset but actively using it as a production tool for expansion. In an environment where traditional treasuries face inflationary pressure, such "pure" bitcoin deals could become a new standard for public companies seeking a decentralized balance sheet.