H100 Group Nearly Triples Bitcoin Treasury With Record $154 Million Purchase

The company continues to be in the red on its BTC position, though. H100 Group, one of the many companies to adopt a BTC reserve strategy in the past few years, has resumed its accumulations with its largest Bitcoin purchase to date. The company’s press release shared earlier today reads that it has successfully completed the previously announced purchase of NSD AS (formerly known as WR Start Up 594 AS) and has acquired through the transactions an additional 2,455.37 BTC. Its total holdings have increased to 3,506.4 BTC, currently valued at just shy of $230 million. However, the company’s average purchase price of $78,400 means that its BTC bet is still in the red. The all-Bitcoin deal, valued at 1.x mNAV with new share issuance, preserved BTC-per-share metrics while nearly tripling H100’s holdings. According to the company, this positions it among the largest European public Bitcoin treasury entities. H100 acquires 2,455.4 Bitcoin at approx. USD 62,900 per Bitcoin, increasing total holdings to 3,506 BTC. The transaction, announced in April, has now been completed: – Largest M&A transaction in the European Public Bitcoin Equity sector – World’s first Bitcoin-for-Bitcoin… pic.tw...