H100 Group signs LOI to acquire Adam Back-backed Future Holdings
Future Holdings AG, a Switzerland-based Bitcoin (BTC) treasury firm backed by industry figure Adam Back, said it has signed a non-binding letter of intent with Sweden-listed H100 Group for a potential acquisition of 100% of its shares.
“Combining Future with H100 creates a public-market platform and governance framework that we believe is essential for building long-term institutional credibility in the Swiss market,” Future Holdings chairman Richard Byworth said in a joint statement.
The proposed deal follows Back’s co-founding of Future Holdings in November 2025 alongside Richard Byworth and Sebastien Hess when the company raised $35 million for its BTC treasury. Back also extended a $2.1 million convertible loan to H100 in June 2025, with an option to invest an additional $12.8 million.
H100 sets acquisition price for Future at $753,000
The potential transaction values Future at approximately 375,000 Swiss francs (about $471,000), plus the company’s cash at closing. Based on Future’s current cash position, the companies said the total purchase price is expected to be around 600,000 Swiss francs (roughly $753,000), according to the announcement.
The consideration is expected to be paid in newly issued H100 shares at the closing price on the last trading day before the letter of intent.
Transaction expected to be completed in January
The deal is subject to due diligence, negotiation of definitive agreements, and required corporate and regulatory approvals. The companies said they anticipate signing and closing in January 2026.
For H100, the acquisition is part of a strategy to expand beyond the Nordic region and develop a leading Bitcoin treasury and financial platform in Europe. H100 chairman Sander Andersen said the transaction supports the company’s entry into Switzerland, adding that Future provides relevant local expertise and that Switzerland is a key market as institutional investors assess new capital allocation approaches.
Beyond Future and H100, Back has supported several Bitcoin treasury initiatives, including the French treasury Capital B (formerly The Blockchain Group) and The Bitcoin Standard Treasury. During a surge in Bitcoin treasuries in the summer of 2025, Back characterized public-company Bitcoin adoption as the “new altcoin season” for crypto speculators.
Stay informed, read the latest news right now!
Disclaimer
The content on TrustsCrypto.com is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, always do your own research before making decisions.
Some content may be assisted by AI and reviewed by our editorial team, but accuracy is not guaranteed. TrustsCrypto.com is not responsible for any losses resulting from the use of information provided.
