Today we completed the largest M&A transaction in the history of European public Bitcoin Equity.
It is also the first in the world done Bitcoin for Bitcoin.
H100 acquired 2,455 BTC at around 62,900 dollars per bitcoin, taking our holdings from 1,051 to 3,506 Bitcoin.
No cash changed hands. The company we acquired carries no debt, and we took on none to buy it.
The deal was priced at 1.0x mNAV, Bitcoin valued in Bitcoin on both sides of the table. That counts each H100 share at SEK 1.86, its bitcoin value.
Sats per fully diluted share went from 288 to 303, up 5%.
Just as important is who joins us. A team whose technology and market capabilities complete our own, and a principal owner who has spent more than a decade building Bitcoin infrastructure and holding Bitcoin.
Together we can accomplish things neither of us could alone.
@MilkArthu Billiga bostäder! Dock så finns det en risk att det kan vara svårsålt om man nu skulle köpa bostad. Är en av Sveriges kommuner med högst arbetslöshet. Fin natur. Bor inte själv där men har kollegor som bor i och i utkanten.
JUST IN: $63 Billion Swedish government-owned pension fund Tredje AP-fonden just disclosed it bought 77,484 shares ($13.8 million) of #Bitcoin treasury company Strategy $MSTR for the first time.
The 2nd-largest pension fund in Sweden 🔥
The strategies that took @H100Group from 0 to 1,000 BTC were exactly what we needed for that phase.
But the same playbook won’t take us 10x further.
We’re now entering the next level:
From early execution and proof of concept → to scale, liquidity, and institutional partnerships.
This phase is about:
- Precision in capital structuring
- Expanding global reach
- Building trust through transparency and liquidity
The foundation is set.
Now begins the transformation—from bold pioneer to a global Bitcoin Treasury and longevity business.
Thanks to all our investors and those who support us. We look forward to building the next chapter together with you.
I just heard from a @Nordea employee – the largest bank in the Nordics with around 28,000 staff – that employees are not allowed to have any personal interest in Bitcoin ??!
Imagine that. In 2025.
We have been on the road in the US, meeting with some of the world’s leading financial institutions, family offices, and investors. Here are some reflections and takeaways:
Bitcoin is a commodity. Owning it directly is an asset play. And just as Norway has a long tradition of bringing commodities to the world and building industries around them - from oil to fish - that is exactly what we aim to do in @H100Group with Bitcoin. With both Sander and I being Norwegian, this perspective comes naturally to us.
Investors don’t necessarily want the raw commodity itself; they want financial exposure. Our role is to build products and services on top of a strong Bitcoin balance sheet. That is the foundation for the financial institutions of tomorrow. Take gold as an example: the credit and derivative markets built around it are larger than the market for physical gold itself.
The appetite is clear. Even in today’s compressed market, family offices, institutional investors, and banks are positioning themselves to enter this industry.
We are early - and this is just the beginning.
The first initiative I will lead as Executive Chairman is a transparent 21-step growth plan for @H100Group named Operation Svalbard. Designed to strengthen our position at the intersection of Bitcoin and longevity.
In the weeks ahead, we will reveal the plan step by step.
The journey concludes in January 2026 at the Bitcoin & Longevity Think Tank on Svalbard, where leading voices will gather to shape the future of sovereign health and capital. Registration opens soon.
We are committed to building in public, so our investors can hold us accountable.
H100 Update ($H100 $GS9 $HOGPF) Sep 20, 2025.
In addition to the final leg of our US roadshow in NYC, this was another week jam packed full of news for H100.
On Wednesday, we announced the addition of a further 21 BTC to our treasury bringing us up to a total of 1,046.66 BTC.
Following the results of our AGM, @Sanderandersenn steps up from CEO to Executive Chairman and @Wiik_Johannes steps up from COO to CEO. This new, tight management structure will allow us to even further improve our agility and speed of execution.
We had a highly productive week meeting with both institutional and private investors in NYC. Despite recent softness in the market, conversations with investors reveal that interest in the Bitcoin Treasury space remains high. While we can’t yet publicly discuss many of the specifics, our executive team all came away feeling very inspired by the trip and believing that we can dare to think even bigger.
@TimKotzman and @ejuline's Bitcoin Treasuries NYC Unconference was a fantastic, well-attended event. I enjoyed catching up with and meeting for the first time many investors, analysts, and other participants in the space who I’m ordinarily only able to interact with virtually or here on X.
@saylor's presentation at the conference was effectively a call to arms for Bitcoin Treasury Companies to conquer their respective fixed-income markets. And it’s always important to keep in clear view that this is fundamentally what gives rise to the Bitcoin Treasury Company model. It’s not merely about ATM-ing equity at a multiple to NAV. The biggest opportunity is in offering instruments to credit markets, redirecting institutional flows into bitcoin and thereby capturing the spread between Bitcoin CAGR and interest rates.
In fact, H100’s highly successful tranched convertible loan offerings, many of which have already converted, were pivotal in our run to 1,000+ BTC, accounting for approximately two-thirds of funds raised to date. And we are actively exploring other offerings for both global and local investors.
The younger generation, whom my content also reaches in addition to seasoned investors, were also present at the Unconference. I was touched to learn that I indirectly helped one young man land his job in the industry. It’s gratifying to play a part in young people joining the space and maturing into future colleagues and partners.
In media, be sure to check out @Sanderandersenn's appearance on the Building Europe's Biggest Bitcoin Treasuries episode of @TimKotzman's Bitcoin Treasuries Podcast.
H💯DL!
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New York has been an eye-opener.
I realized I haven’t been thinking big enough. Most limits only exist in our own minds.
Over the past two weeks, we’ve had the privilege of meeting some of the world’s largest financial institutions and wealthiest individuals sharing our thoughts, testing our ideas, and expanding our vision.
Our network has grown 10x in just 14 days. H100 is now in a stronger position than ever to take the next big step. We’ve made small but decisive changes in the organization that will set us up for 10x faster progress.
I didn’t expect this US trip to be so valuable and transformative for both me and the company. We’ve found clarity: our path, our focus, our niche. The vision has never been sharper.
Back in Europe now, ready to put things in motion. More to share very soon.
I’m not resigning, I’m stepping up.
The new structure is proposed and will be decided at tomorrow’s general meeting. By Swedish law, you can’t hold both Chairman and CEO.
If approved, I’ll move up to Executive Chairman and continue with 100% focus on building new products, leading strategy, raising capital, and strengthening trust in H100.
This shift frees up my time to play to my strengths, and I believe it will make us faster and better positioned for the next phase of the company.
H💯DL
Looking forward to seeing what H100 $HOGPF / $GS9 has coming for the rest of 2025. Slowly buying more. Liquidity already a lot better than a few weeks ago.
$HOGPF People have not began to fully appreciate the massive potential of H100.
Leveraging CEO Sander’s other company @finpeers is already paying massive dividends as they have not stopped consistently accumulating BTC even through the sector slowdown. Now at over 1,000 btc in treasury. And I only expect their pace of accumulation to pick up. They became a top 45 treasury in just a couple of months utilizing JUST private placements and convertible bonds offerings. Wait till additional fundings arms are soon established. Where will things go then?
Many are writing them off saying the Swedish market isnt big enough. That may be the case if they were only staying in the Swedish market. The fact is, they are targeting and expanding beyond Sweden. They are already the top name in ALL of the Nordics and being based out of Switzerland they are also making strides across Europe as a whole.
But it doesn’t stop there. The mgmt team is currently in the USA attending conferences and speaking to many investors and potential customers. They are thinking bigger. Bigger will happen. A lot bigger.
Going back to total domination of their home country, Sweden has some of the lowest interest rates in the world. This advantage will be huge in garnering interest and demand for preferred offerings in the future where they can offer lower rates than many other competitors globally in their respective homelands.
I’ve said a bunch, but it doesn’t stop there. In an earlier tweet today, co-founder and CEO, @Sanderandersenn mentioned that a new funding product/vehicle will be introduced in the not so distant future. This team is already thinking outside of the box and Im sure many more new and innovative products will be coming from their camp. The addition of @btc_overflow as head of bitcoin strategy was instrumental and will be a significant added tailwind as we go forward in this journey.
Dont forget they also have a respectable health business. There will be synergies established with this. In due time more details will be revealed here
All this for a measly 2x mnav right now. What an opportunity
Cant wait to see what additional info @ActuallyClimber will provide for the community that I have missed
But overall, YOU are not bullish enough 🇸🇪🫡📈