Sweden-based health-tech and Bitcoin treasury company H100 Group reported a pre-tax loss of 98 million Swedish kronor ($10.3 million) for the second quarter of 2026, with first-half losses reaching 253 million kronor.
Q2 loss driven by non-cash write-downs
The company stated that nearly the entire second-quarter loss stemmed from a non-cash write-down linked to the decline in Bitcoin’s price during the period. H100 Group, which is listed on Sweden’s stock exchange, operates both as a health-technology firm and as a treasury that manages cryptocurrency assets.
Operating income came in at 3 million kronor for Q2 2026, matching the same period in 2025. For the first half of 2026, operating income totaled 6.1 million kronor, a slight increase from 5.8 million kronor in the first half of 2025.
In its interim report published Wednesday, H100 noted that the majority of its second-quarter loss was attributable to “a non-cash write-down following the period’s Bitcoin price decline.”
Major acquisition strengthens treasury position
Earlier in August, H100 Group became Europe’s second-largest Bitcoin treasury company after acquiring two Norwegian Bitcoin treasury firms and their cryptocurrency portfolios. This acquisition boosted the group’s Bitcoin holdings to 3,506 BTC, which were valued at about $226 million at the time.
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AAPLThe only company in Europe with a larger Bitcoin treasury is Germany’s Bitcoin Group, which holds 3,605 BTC, according to data from BitcoinTreasuries.
Mini dictionary: H100 Group, a Swedish company specializing in health technology solutions and digital asset treasury management, has actively expanded its Bitcoin reserves through acquisitions.
| Company | BTC Holdings | BTC Value (approx.) |
|---|---|---|
| Bitcoin Group (Germany) | 3,605 | $232 million |
| H100 Group (Sweden) | 3,506 | $226 million |
Share price declines amid financial challenges
H100 Group’s shares closed 4.2% lower on Tuesday, bringing its year-to-date slide to 24%, according to data from StockAnalysis. The combination of falling Bitcoin prices and ongoing losses appears to be weighing on investor sentiment.
Despite these challenges, H100 continues to maintain its dual focus on digital asset management and health-tech solutions as it adapts to market volatility.
Following the acquisition, H100’s Bitcoin holdings placed it just behind Bitcoin Group, cementing its position as Europe’s second-largest Bitcoin treasury.
