H100, backed by Adam Back, triples its Bitcoin holdings to 3,506 BTC through an acquisition deal paid with newly issued shares.
Macro & Markets ·
H100, a company backed by Adam Back, has more than tripled its Bitcoin holdings to 3,506 BTC through an acquisition deal. The transaction represents a significant expansion of the firm's on-chain reserves, though details of the counterparty and exact purchase price have not been disclosed in available reports.
The mechanics of the acquisition and the prior size of H100's Bitcoin position remain unclear from current sources. No timeline for when the holdings were acquired or when they will be verified on-chain has been specified.
Outstanding questions include the identity of the entity selling the Bitcoin, the total cost of the transaction, and whether H100 intends to make further acquisitions or hold the position long-term.