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Adam Back-backed H100 triples bitcoin holdings to 3,506 BTC

H100 paid for the acquisition with 790.5 million newly issued shares and now holds 3,506 BTC.

Reported · Written up by our desk · Bitcoin

Adam Back-backed H100 has more than tripled its bitcoin holdings after completing an acquisition deal that increased its BTC treasury to 3,506 BTC, according to The Block.

The Block reports that the company paid for the transaction by issuing 790.5 million new shares, a move that funded the additional bitcoin purchases.

With the enlarged position, H100 said it is now approaching the size of major bitcoin treasury holders tracked in the sector, The Block added.

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Sources

The BlockAdam Back-backed H100 more than triples bitcoin holdings to 3,506 BTC in acquisition deal

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