H100 triples its bitcoin stack—at a 70% dilution cost
A share-funded deal added 2,455 BTC and lifted the Swedish company’s holdings to more than 3,500 BTC.
What happened
H100 acquired 2,455.37 BTC through a share-funded transaction, taking total holdings to 3,506.4 BTC. The company issued 790.5 million new shares for the deal, diluting existing holders by roughly 70%.
Why it matters
The headline treasury growth is real, but so is the price paid by existing shareholders through dilution.
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