H100 CEO Eirik Grøttum has increased his exposure to the Swedish Bitcoin treasury company through purchases totaling 407,163 shares for SEK 621,900. According to H100's Sept. 17 primary-insider disclosure, Kode Oslo AS carried out the purchases, with 405,663 shares acquired on Sept. 15 at an average SEK 1.53 and another 1,500 shares acquired on Aug. 19 at SEK 1.40. The combined average price was SEK 1.53 per share. Kode Oslo now owns 2,771,787 H100 shares following these disclosed transactions.
Companies associated with Grøttum collectively hold 5,399,464 H100 shares following the latest insider transactions. Grøttum serves on Kode Oslo's board, owns 20% of the company and participates in its investment decisions. A second associated entity, Olav Grøttum Holding AS, owns another 2,627,677 H100 shares, with Grøttum owning that company entirely. Grøttum became H100's chief executive on August 11, one day after the company completed its large Norwegian Bitcoin-related acquisition.
H100 continues to report 3,506.4 Bitcoin on its balance sheet following its Norwegian acquisition completed on August 10. The transaction brought 2,455.37 Bitcoin into the group, taking H100 from 1,051.03 BTC at the end of June to its current position. H100 issued 790,534,666 shares for the acquisition at SEK 1.86 each, representing consideration of approximately SEK 1.47 billion. The acquired companies had no outstanding financial debt, with Geir Harald Hansen receiving a controlling position of approximately 69.2% through 781,676,551 shares.
H100's latest financial disclosures show significant losses related to Bitcoin valuation. For the first half of 2026, the company reported a SEK 253.6 million pre-tax loss, while operating cash flow was negative SEK 12.7 million. The company's equity ratio stood at 86% at June 30. Much of the quarterly accounting loss was linked to a non-cash write-down associated with Bitcoin's lower valuation during the reporting period. The Bitcoin exposure has made H100's reported earnings sensitive to cryptocurrency prices.
Grøttum has indicated that H100 plans to use capital allocation, capital-markets activity, acquisitions and operating cash flow alongside its Bitcoin holdings. The company is considering future share buybacks following new Swedish share-repurchase rules that permit public companies to repurchase their own shares starting December 5. Grøttum suggested repurchases could become one of several capital-allocation options, particularly when H100 shares trade below net asset value. However, H100 explicitly stated no decision has been taken to repurchase its own shares, requiring shareholder authorization and board resolution before any future program.
