Adam Back-backed H100 more than triples bitcoin holdings to 3,506 BTC in acquisition deal
60-second summary
H100, backed by Adam Back, has more than tripled its bitcoin holdings to 3,506 BTC through an acquisition deal. The company paid 790.5 million newly issued shares for the deal, positioning it within striking distance of major BTC treasury players, such as MicroStrategy and Tesla, which have significant BTC reserves in their treasuries.
H100 paid for the deal with 790.5 million newly issued shares, and the company is now within striking distance of big BTC treasury players.