H100 signs LOI to buy two Norwegian bitcoin treasury firms in all‑stock deal, raising holdings to about 3,500 BTC

H100 has signed a letter of intent (LOI) to acquire two Norwegian bitcoin treasury companies in an all‑stock transaction, according to multiple media reports ^{[1] [2] [3]}.

The share‑based deal would increase H100’s bitcoin holdings to roughly 3,500–3,501 BTC, potentially making it one of the largest bitcoin treasury companies in Europe if the transaction is completed ^{[4] [1] [5] [2]}.

Reports say the acquisition structure is designed to preserve proportional bitcoin exposure for stakeholders (an all‑stock, bitcoin‑for‑bitcoin approach) and would add systematic trading and hedge‑fund management expertise to H100’s operations ^{[2] [5]}.

The LOI represents a strategic expansion of H100’s bitcoin treasury through a share‑based acquisition that would raise holdings to about 3,500 BTC; coverage to date is based on the LOI and media reports ^{[1] [2]}.