Future Holdings AG Acquisition by H100 Group Set for January Completion
According to Cointelegraph, Future Holdings AG, a Bitcoin treasury company based in Switzerland and supported by industry veteran Adam Back, has entered into preliminary terms for a potential acquisition by Sweden-listed H100 Group. On Monday, Future Holdings announced it had signed a non-binding letter of intent with H100, which outlines the acquisition of 100% of its shares.
Richard Byworth, chairman of Future Holdings, stated in a joint announcement that merging with H100 would establish a public-market platform and governance framework crucial for building long-term institutional credibility in the Swiss market. This proposed acquisition follows the establishment of Future Holdings in November 2025 by Back, Byworth, and Sebastien Hess, during which the company raised $35 million for its Bitcoin treasury. Additionally, Back extended a $2.1 million convertible loan to H100 in June 2025, with an option to invest an additional $12.8 million.
The acquisition price for Future Holdings has been set at approximately 375,000 Swiss francs, or roughly $471,000, plus the company's cash balance at closing. Based on Future's current cash position, the total purchase price is anticipated to be around 600,000 Swiss francs, or approximately $753,000. The payment is expected to be made in newly issued H100 shares at the closing price on the last trading day before the letter of intent.
The transaction is subject to due diligence, negotiation of definitive agreements, and obtaining necessary corporate and regulatory approvals. The companies anticipate that the signing and closing will occur in January 2026. For H100, this acquisition represents a significant step in its strategy to expand beyond the Nordic region and establish itself as a leading Bitcoin treasury and financial platform in Europe.
Sander Andersen, chairman of H100, expressed that the transaction supports H100's expansion into Switzerland, highlighting Future Holdings' local expertise and the importance of Switzerland as a market for institutional investors exploring new capital allocation strategies. Besides Future and H100, Adam Back has supported several Bitcoin treasury companies, including the French treasury Capital B and The Bitcoin Standard Treasury. During a surge in Bitcoin treasuries in the summer of 2025, Back referred to Bitcoin adoption by public companies as the "new altcoin season" for crypto speculators.
