🚨NEW: BLACKROCK'S RICK RIEDER LIVE ON BLOOMBERG-
"I think Bitcoin is ultimately going considerably HIGHER.”
“I was an early believer inside BlackRock. I own a little bit of it in one of my mutual funds.”
In 1933 a writer gave our unwritten code ten rules. The first one: you are not to think you are anything special.
We call it Janteloven. Most Norwegians have never read the book and can still feel every word.
But look at what happens when we set it aside. We are at our best when one of our own goes out and wins. A team of stars. An athlete earning 80 million who makes the whole country proud. That pride is a beautiful thing.
Here is the lesson from that team. A Norway with less Janteloven is a better Norway. Prouder, bolder, and richer for it.
Be proud of who we are. Be proud of what we build.
Let's go Norway!🇳🇴
🚨🧘🏼♂️ OFFICIAL: Erling Haaland wins FIFA Man of the Match for Norway-Iraq on his first World Cup game ever.
2 goals today, and 22 goals (!) in last 11 games in major competitions with Norway.
@Sajwani@SenWarren Not impossible, but definitely requires factories on the Moon and Mars to achieve.
By then, I don’t think dollars will be used as currency. Just mass and energy.
Geir Harald Hansen has shared his thoughts on why he is putting his life's work into @H100Group.
He explain his background, motivation and vision in the letter.
I highly recommend all @H100Group shareholders to read.
Today we published more information about why Geir Harald Hansen is putting his life's work into H100 — his background, his motivation, and the transaction shareholders will vote on at the AGM on June 23.
Read the full letter in the link below👇
On 23 June, H100 shareholders decide whether to grow the company to approximately 3,500 Bitcoin and bring in a new long-term owner, alongside a team that has worked together in Bitcoin for years.
Here's how I think about it.
Bitcoin started as an idea about money. Neutral money, outside any government's printer. I believe that idea can change how capital, credit and markets work, and make them more open.
The new owner founded Bitminter in 2011, one of the first Bitcoin mining pools. Over its life it mined more than 200,000 Bitcoin, close to 1% of all the Bitcoin there will ever be. He has been in this since the very beginning, and he's still here.
That experience, on top of the shareholders we already have, is what gives us real insight going forward.
But an idea only matters when it solves real problems for the real economy. That's the test every industry has to pass, and Bitcoin is starting to pass it.
Look at what exists now that didn't a few years ago. Passive and active ways to get exposure. Credit built on Bitcoin. Bitcoin-backed loans. A US strategic reserve. The use cases keep growing.
This is no longer a bet on price. It's an asset class with working business models.
A company built on it has one job: keep compounding in every market climate.
Bull market, the public capital markets are open.
Bear market, M&A and consolidation gets attractive.
And the industry itself is starting to generate real cash flow.
Do we want more Bitcoin? Yes.
Do we want cash flow? Yes.
The board recommends the deal. I'm voting in favor on 23 June, and I'd encourage fellow shareholders to do the same.
As CEO, I believe strongly in our strategy and in the long-term opportunity ahead of us.
I remain fully aligned with our shareholders and committed to creating value over time🤝
On 23 June at 12:00 CEST, H100 Group's shareholders decide the next step.
One year ago we bought 4.39 BTC, with a long view: build a Bitcoin equity company anchored in the Nordics. The vote on 23 June gives the board the mandate to close the Moonshot transaction, taking H100 to approximately 3,500 BTC and a leading position in Europe.
It also expands our authorisation to issue shares so we can keep pursuing the strategy, and brings in asset management and technology capabilities that let us generate cash flow while keeping the organisation lean.
Europe is not the US. We do not have the same depth of capital markets. The inefficiency is the opportunity. You win in Europe by being early, by going when broader interest is low, by doing what consensus is not yet ready for. European companies are cheaper. The cost of building and retaining a competitive organisation is lower. And European savers need a credible Bitcoin equity option inside their own market.
We will keep accumulating Bitcoin through capital market, work the balance sheet harder, and build cash flow from products and services.
The Nordic high yield debt market is a particularly interesting lever for a European Bitcoin company.
If you own H100, please vote.
Norway raised its policy rate to 4.25%. Sweden held at 1.75%.
Sweden lost IKEA's founder to Switzerland. It learned from the mistake. Killed the wealth tax in 2007. Launched the ISK in 2012.
Stockholm has Europe's deepest retail equity culture.
Norway kept the wealth tax, added an exit tax. Its richest builders moved to Switzerland in 2022. More are about to leave.
This week Norges Bank tightened further while Swedish capital flows into AI startups and public-market equity.
That's why we chose Stockholm for H100's listing.
Politicians need to learn: mobile talent and mobile capital don't wait.
🚨NEW: Blackrock CEO Larry Fink says surging demand for computing power could soon create an entirely new asset class centered around buying and selling compute futures.