H100 Group AB, a Swedish health-tech company, has become the 26th-largest public Bitcoin treasury company in the world after acquiring UK-listed The Smarter Web Company PLC and French-listed Capital B. The combined treasury exceeds 6,900 BTC, worth over $700 million at current prices, including 3,140 BTC from Capital B, 2,712 BTC from The Smarter Web Company, and 1,051 BTC previously held by H100 Group itself. Capital B, listed in France, had set the ambitious goal of acquiring 1% of Bitcoin’s total supply by 2033, equivalent to approximately 210,000 BTC. The company raised approximately €11.5 million in 2025 to fund additional BTC purchases. H100 Group, listed in April 2025, is using a consolidation strategy rather than direct market purchases to build its Bitcoin treasury, following a model pioneered by MicroStrategy (now Strategy), which holds over 568,000 BTC.
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