H100 buys 2,455 Bitcoin to become Europe’s No. 2 treasury

Sweden’s H100 just became Europe’s second-largest corporate Bitcoin holder after snapping up 2,455 BTC, pushing its treasury to 3,506 coins worth about $155 million at current prices.

The deal more than triples H100’s Bitcoin reserves and vaults it past MicroStrategy’s European peers. It’s the latest sign that mid-sized firms—often outside the U.S.—are treating Bitcoin as a strategic asset rather than a speculative bet. Scandinavia’s low capital-gains tax and strong property rights make Sweden a magnet for crypto treasury moves. H100’s CEO told local media the purchase was “part of a long-term allocation strategy,” not a quick flip.

Europe now hosts two of the world’s top three corporate Bitcoin treasuries: MicroStrategy at 214,246 BTC and H100 in second place. The Swedish firm joins a small club—eight public companies globally—that hold at least 1,000 BTC on their balance sheets. Analysts say the trend is accelerating as European regulators clarify crypto rules and banks offer custody services tailored to firms.

H100’s move could spark a domino effect among Scandinavian mid-caps seeking to hedge against currency debasement and inflation. If more firms follow, Europe’s corporate Bitcoin treasury market could double within a year. The real test will be whether H100 holds through the next halving cycle or starts selling to lock in gains. Either way, the playbook is now written: buy, hold, and disclose.