On 23 June at 12:00 CEST, H100 Group's shareholders decide the next step. One year ago we bought 4.39 BTC, with a long view: build a Bitcoin equity company anchored in the Nordics. The vote on 23 June gives the board the mandate to close the Moonshot transaction, taking H100 to approximately 3,500 BTC and a leading position in Europe. It also expands our authorisation to issue shares so we can keep pursuing the strategy, and brings in asset management and technology capabilities that let us generate cash flow while keeping the organisation lean. Europe is not the US. We do not have the same depth of capital markets. The inefficiency is the opportunity. You win in Europe by being early, by going when broader interest is low, by doing what consensus is not yet ready for. European companies are cheaper. The cost of building and retaining a competitive organisation is lower. And European savers need a credible Bitcoin equity option inside their own market. We will keep accumulating Bitcoin through capital market, work the balance sheet harder, and build cash flow from products and services. The Nordic high yield debt market is a particularly interesting lever for a European Bitcoin company. If you own H100, please vote.

On 23 June, H100 shareholders decide whether to grow the company to approximately 3,500 Bitcoin and bring in a new long-term owner, alongside a team that has worked together in Bitcoin for years. Here's how I think about it. Bitcoin started as an idea about money. Neutral money, outside any government's printer. I believe that idea can change how capital, credit and markets work, and make them more open. The new owner founded Bitminter in 2011, one of the first Bitcoin mining pools. Over its life it mined more than 200,000 Bitcoin, close to 1% of all the Bitcoin there will ever be. He has been in this since the very beginning, and he's still here. That experience, on top of the shareholders we already have, is what gives us real insight going forward. But an idea only matters when it solves real problems for the real economy. That's the test every industry has to pass, and Bitcoin is starting to pass it. Look at what exists now that didn't a few years ago. Passive and active ways to get exposure. Credit built on Bitcoin. Bitcoin-backed loans. A US strategic reserve. The use cases keep growing. This is no longer a bet on price. It's an asset class with working business models. A company built on it has one job: keep compounding in every market climate. Bull market, the public capital markets are open. Bear market, M&A and consolidation gets attractive. And the industry itself is starting to generate real cash flow. Do we want more Bitcoin? Yes. Do we want cash flow? Yes. The board recommends the deal. I'm voting in favor on 23 June, and I'd encourage fellow shareholders to do the same.

Adding more fuel to the rocket🚀🤝

As CEO, I believe strongly in our strategy and in the long-term opportunity ahead of us. I remain fully aligned with our shareholders and committed to creating value over time🤝