Michael Saylors MicroStrategy Adds $76M BTC to Bitcoin Treasury, MSTR Stock Gains

Bitcoin Price

Amid MicroStrategy Bets

Overall, MicroStrategy has purchased 41,362 BTC during the month of March, and used nearly $2.93 billion for such acquisitions. Though the buying activity goes on, the decline in Bitcoin price has affected the value of its holdings.

Based on the information provided by CoinGecko, the company‘s BTC reserve’s value is down by 7%. The current value stands at approximately $54.4 billion, on the day of reporting, with BTC trading at $71,446 at press time.

H100 Group Also Advances BTC Treasury Strategy

Meanwhile, the interest of the corporations in the Bitcoin treasury strategies is surging outside of the United States. Publicly-listed H100 Group, with its headquarters in Stockholm, stated that it is going to multiply its exposure to Bitcoin via acquisitions.

The company reported having signed a letter of intent to purchase Norwegian companies Moonshot AS and Never Say Die AS. Assuming the transaction succeeds, it would enable H100 to own nearly 3,500 BTC of Bitcoin.

This deal would put it in the list of the largest Bitcoin treasury companies in Europe, mirroring the success of MicroStrategy in the U.S.

The offered deal is a share-based deal with no cash element and a model of Bitcoin-to-Bitcoin exchange. In this model, the proportion of ownership within the new entity will be based on the value of the contribution in terms of BTC that will enable current shareholders not to be diluted.

According to H100, the motivation behind the move is to enhance its institutional positioning, liquidity enhancement, and increase its activities in capital markets. The companies involved in the deal own approximately 2,450 BTC together.

The planned agreements are likely to be finalized by April 22 and completed soon following the annual general meeting of the firm in May, subject to required approvals. The news was met by a slight increase in the H100 share price, which increased by 2% on the day.