H100 Group AB disclosed on September 17 that its chief executive, Eirik Grøttum, increased his indirect ownership through purchases of 407,163 shares valued at approximately $63,300. The transactions, carried out by Kode Oslo AS, leave the company’s Bitcoin treasury unchanged at 3,506.4 BTC.

Details of the Share Purchases

Kode Oslo AS acquired 405,663 shares on September 15 at an average price of about $0.156 each and 1,500 shares on August 19 at roughly $0.142 each. The combined average purchase price was approximately $0.156 per share, for a total outlay of SEK 621,887, equivalent to about $63,300.

Following these buys, Kode Oslo AS holds 2,771,787 H100 shares. Grøttum serves on the board of Kode Oslo, owns a 20 percent stake in the firm, and takes part in its investment decisions. A second company wholly owned by Grøttum, Olav Grøttum Holding AS, holds an additional 2,627,677 shares. Together the two entities now control 5,399,464 H100 shares.

The purchases involve equity in H100 Group and do not represent any new Bitcoin acquisition by the company itself.

Bitcoin Treasury Position Unchanged

H100 continues to report 3,506.4 BTC on its balance sheet. The position rose sharply on August 10 when the company completed its acquisition of NSD AS, which included Moonshot AS and PDI AS. That deal added 2,455.37 BTC, lifting the treasury from 1,051.03 BTC at the end of June.

No cash changed hands in the acquisition. H100 issued 790,534,666 new shares valued at about $0.189 each, for total consideration of approximately $149.6 million. The acquired companies carried no outstanding financial debt. After the issuance, H100’s outstanding share count reached 1,128,931,358. Geir Harald Hansen obtained a controlling stake of roughly 69.2 percent through the transaction.

H100 has described the deal as the largest merger and acquisition completed in the European public Bitcoin equity sector and the first public-market acquisition structured on a Bitcoin-for-Bitcoin basis.

Leadership Transition and Company Profile

Grøttum assumed the role of chief executive on August 11, one day after the acquisition closed. He previously served as chief executive of Moonshot AS and had collaborated with H100 Chief Investment Officer Peter C. Warren on Bitcoin holdings. Former chief executive Johannes Wiik returned to the position of chief operating officer.

H100 operates as a technology company focused on health and longevity providers while maintaining an active Bitcoin treasury strategy. The firm began accumulating Bitcoin in May 2025 with an initial purchase of 4.39 BTC and subsequently expanded its holdings through equity and convertible financing.

Recent Financial Results

Bitcoin price movements have affected reported earnings. In the second quarter of 2026, H100 recorded an operating loss of about $9.0 million and a pre-tax loss of roughly $10.0 million. Of the pre-tax loss, approximately $9.5 million consisted of non-cash items. For the first half of the year, the pre-tax loss totaled about $25.8 million, while operating cash flow was negative by roughly $1.3 million. The equity ratio stood at 86 percent as of June 30.

Potential Share Buybacks Under New Rules

Separately, Swedish regulations taking effect on December 5 will allow companies listed on multilateral trading facilities, including NGM Nordic SME where H100 trades, to repurchase and hold their own shares. Grøttum has indicated that buybacks could serve as one capital-allocation option, particularly if the shares trade below net asset value. The company has stated that no decision to launch a repurchase program has been made. Any future program would require shareholder authorization, a board resolution, and public disclosure under applicable rules.

The latest insider filing confirms the equity purchases by Grøttum-linked entities while leaving the disclosed Bitcoin treasury at 3,506.4 BTC.