H100 Targets 3,501 BTC Treasury via Share Deal as Boyaa Seeks $70M Crypto Expansion

Corporate Bitcoin Strategies Intensify as European Acquisition Plan and Hong Kong Board Proposal Scale Treasury Allocations

TL;DR

• H100 plans BTC-for-BTC share deal to raise holdings from 1,051 BTC to 3,501 BTC
• Boyaa proposes up to $70M crypto purchases, holding 4,092 BTC, 302 ETH, and 7,000,700 USDT
• Both firms explicitly position buys during market weakness using internal capital

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H100 Group signed a letter of intent to acquire Norway-based Moonshot AS and Never Say Die AS in a transaction structured entirely around bitcoin contributions, aiming to increase its treasury from 1,051 BTC to approximately 3,501 BTC upon completion. The deal is designed as a bitcoin-for-bitcoin share exchange, with ownership of the combined entity determined solely by the amount of bitcoin contributed by each party, resulting in an estimated split of about 30% for existing H100 shareholders and about 70% for the sellers.

The company stated that definitive agreements are targeted before April 22, 2026, with closing expected shortly after the annual general meeting scheduled for May 21, 2026, subject to due diligence, corporate approvals, stock exchange compliance, and potential exemptions from mandatory offer obligations. H100 confirmed it will remain the listed parent company after completion, retaining its existing corporate structure and continuing its health technology operations alongside the expanded bitcoin treasury.

Assets being acquired are controlled by Geir Harald Hansen, identified as the founder of the Bitminter mining pool launched in 2011. H100 disclosed that Bitminter has served more than 700,000 users and mined over 208,000 BTC, representing around 1% of the total bitcoin supply that will ever exist. The company said the transaction also brings operational capabilities, naming Moonshot chief executive Eirik Grøttum and chief investment officer Peter Warren as part of the incoming leadership with backgrounds spanning systematic trading, software development, hedge funds, derivatives, and multi-asset markets.

H100 chairman Sander Andersen described the transaction’s rationale, stating, “scale, credibility and access to capital markets are increasingly important in the Bitcoin space,” while adding that the acquisition continues the company’s established strategy and builds on its Nordic and Swiss expansion platform.

Boyaa Interactive International, a Hong Kong-listed Web3 gaming company, disclosed a board-approved proposal to authorize up to $70 million in additional cryptocurrency purchases over a 12-month period following shareholder approval at its annual general meeting. The company specified that the capital would be sourced from idle cash reserves generated by its business operations rather than external financing.

The company reported existing holdings of 4,092 BTC acquired at an average cost of $68,211, alongside 302 ETH purchased at an average cost of $1,661 and approximately 7,000,700 USDT. Boyaa stated that bitcoin remains the primary target asset under the proposed authorization, while ethereum is retained for its role in supporting Web3 gaming infrastructure and blockchain-based operations.

Board disclosures outlined that purchases would be executed on regulated and licensed platforms, including HashKey Exchange and OSL Exchange, with a constraint that any premium paid would not exceed 10% above prevailing market prices. The company also stated that all assets acquired must meet internal criteria for liquidity, market capitalization, market recognition, and long-term holding value, subject to its virtual asset management and risk control policies.

Boyaa said the proposal builds on earlier acquisitions totaling $80.51 million in bitcoin accumulated between August and November 2025, and that the new authorization must be aggregated with prior transactions under Hong Kong listing rules, requiring shareholder approval as a major transaction.

The company said it intends to deploy capital “during periods of weakness in the cryptocurrency market” while advancing its Web3 strategy through game upgrades, development of new titles, and broader ecosystem integration tied to blockchain-based operations.

This article has been refined and enhanced by ChatGPT.