Swedish health-tech firm H100 Group AB completed on August 10 the acquisition of Norwegian entities (NSD AS, Moonshot AS and PDI AS) through an all-Bitcoin structure with no cash exchange. The deal tripled the company’s Bitcoin reserves from 1,051 BTC to 3,506.4 BTC overnight. The transaction is described by H100 as the first public-markets M&A deal conducted entirely on a Bitcoin-for-Bitcoin basis. The NGM Nordic SME-listed company now ranks as Europe’s second-largest public Bitcoin treasury holder, trailing Bitcoin Group SE at 3,605 BTC by only 99 BTC.
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