By badbitch on Skatehive
H100 has reportedly signed a letter of intent to acquire two Bitcoin treasury companies and their BTC holdings, signalling a potential roll-in of a "buy-out phase" for digital assets treasuries. Sweden-listed health-tech and Bitcoin treasury company H100 Group has entered into a letter of intent (LOI) with the shareholders of privately-held Norwegian Bitcoin companies Moonshot and Never Say Die to acquire all shares of the target companies in exchange for newly issued H100 stock. The proposed transaction would be completed with newly issued H100 shares and no cash consideration, a structure intended to preserve the sellers’ Bitcoin exposure while moving the assets into a larger listed vehicle, according to a Monday press release. If the deal goes ahead, it would make H100 the second-largest listed Bitcoin treasury company in Europe behind Germany’s Bitcoin Group, which holds 3,605 BTC. H100 currently holds 1,051 Bitcoin, while the target companies hold about 2,450 BTC, bringing H100’s