Swedish H100, led by Norwegian Sander Andersen, now owns more Bitcoin than Aker

Swedish listed company H100 Group AB has purchased an additional 60.6 Bitcoin, bringing the company's total Bitcoin holdings to 763.2 BTC. With this latest milestone, H100 becomes the largest publicly traded Bitcoin treasury company in the Nordic region.

August 6, 2025
bitcoin treasury company

By comparison, Aker currently owns 750 Bitcoin through its subsidiary Seetee.

Røkke bought Bitocin to learn

Originally, they bought 1,170 Bitcoin in early 2021 at a cost of around $48,000 per Bitcoin, through their subsidiary Seetee.In 2021, Aker's major shareholder, Kjell Inge Røkke, also wrote a 23-page shareholder letter in which he described the venture into Bitcoin as an investment to learn and explore crypto currency and blockchain technology. However, very quickly after the creation of Seetee, most of the key people disappeared from the company, and crypto entered a Bear market.

Along the way, Aker has also sold down somewhat and has so far shown no strategic interest with its investment. Periodically, the “Bitcoin Treasury” community at X tries to inspire Aker and Røkkek to launch and implement a comprehensive Bitcoin Treasury strategy, but so far unsuccessfully.

“Important milestone”

Norwegian Sander Andersen, who heads both Bitcoin Equity company Finpeers and H100, which is listed in Sweden, sees it differently:

“Becoming the largest publicly traded Bitcoin holder in the Nordic region is an important milestone for H100 — but it's just the beginning. This exponential growth is a result of our focused execution and the exceptional support we have received from our investors. We remain committed to scaling our treasury strategy with speed and discipline,” says Sander Andersen, CEO of H100 Group AB.

From 6.2 to 763.2 BTC in just over a month

The latest Bitcoin purchase is part of H100's ongoing Bitcoin Treasury strategy and includes Bitcoin received through revenue from convertible loan agreements.

As of June 1, 2025, the company had 6.2 BTC. In just over two months, H100 has increased its Bitcoin holdings by more than 12,200%, reaching a total of 763.2 BTC. During the same period, the fully diluted share count increased by approximately 159%. The growth in Bitcoin assets has thus, according to a message from the company, significantly outpaced stock dilution.

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