quote: Interesting $155 million all-share Bitcoin-for-Bitcoin M&A in which the DAT H100 acquired a larger Bitcoin holding from Norway, and the sellers became the majority owners of the combined company. At 1x NAV. https://x.com/Sanderandersenn/status/2086708085691703456 | Today we completed the largest M&A transaction in the history of European public Bitcoin Equity. It is also the first in the world done Bitcoin for Bitcoin. H100 acquired 2,455 BTC at around 62,900 dollars per bitcoin, taking our holdings from 1,051 to 3,506 Bitcoin. No cash changed hands. The company we acquired carries no debt, and we took on none to buy it. The deal was priced at 1.0x mNAV, Bitcoin valued in Bitcoin on both sides of the table. That counts each H100 share at SEK 1.86, its bitcoin value. Sats per fully diluted share went from 288 to 303, up 5%. Just as important is who joins us. A team whose technology and market capabilities complete our own, and a principal owner who has spent more than a decade building Bitcoin infrastructure and holding Bitcoin. Together we can accomplish things neither of us could alone.

quote: Interesting $155 million all-share Bitcoin-for-Bitcoin M&A in which the DAT H100 acquired a larger Bitcoin holding from Norway, and the sellers became the majority owners of the combined company. At 1x NAV. https://x.com/Sanderandersenn/status/2086708085691703456 | Today we completed the largest M&A transaction in the history of European public Bitcoin Equity. It is also the first in the world done Bitcoin for Bitcoin. H100 acquired 2,455 BTC at around 62,900 dollars per bitcoin, taking our holdings from 1,051 to 3,506 Bitcoin. No cash changed hands. The company we acquired carries no debt, and we took on none to buy it. The deal was priced at 1.0x mNAV, Bitcoin valued in Bitcoin on both sides of the table. That counts each H100 share at SEK 1.86, its bitcoin value. Sats per fully diluted share went from 288 to 303, up 5%. Just as important is who joins us. A team whose technology and market capabilities complete our own, and a principal owner who has spent more than a decade building Bitcoin infrastructure and holding Bitcoin. Together we can accomplish things neither of us could alone.

Source:https://x.com/matthew_sigel/status/2086953439494369593