Swedish company H100 Group reported a pre-tax loss of 253 million Swedish kronor ($26.6 million) in the first half of 2026, according to the recently published interim report.
The bulk of the negative result corresponds to a non-monetary depreciation tied to the decline in Bitcoin’s price during the period, as the company itself explained in a post on X.
Q2 2026 is out.
The reported loss before tax was −98.2 MSEK. Almost all of it is non-cash, principally a write-down of our bitcoin. What the business actually consumed was −5.1 MSEK in the quarter and −12.7 MSEK for the half year, and we ended June with 18.1 MSEK in cash.…
— H100 (@H100Group) August 19, 2026
In the second quarter alone, H100’s losses exceeded 98 million kronor ($10.3 million), while operating income remained practically flat at 3 million kronor, posting a slight year-on-year improvement in the half-year cumulative figure: from 5.8 million to 6.1 million kronor.
The results came to light after a turbulent month for the company. In early August, H100 completed the acquisition of two Norwegian Bitcoin treasury firms, which brought its total holdings to 3,506 BTC, equivalent to approximately $226 million.
With that figure, it positioned itself as the second-largest European company by Bitcoin reserves, trailing only Germany’s Bitcoin Group, which holds 3,605 BTC according to BitcoinTreasuries data. The firm’s shares fell 4.2% on Tuesday, extending a year-to-date decline of 24%, according to StockAnalysis.
Source: https://x.com/H100Group/status/2089999603647078704
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