Future Holdings AG, a Switzerland-based Bitcoin treasury firm backed by business veteran Adam Again, has agreed to preliminary phrases that will see it acquired by Sweden-listed H100 Group.
The Swiss Bitcoin (BTC) treasury firm on Monday introduced it had entered a non-binding letter of intent with H100 overlaying the potential acquisition of 100% of its shares.
“Combining Future with H100 creates a public-market platform and governance framework that we imagine is crucial for constructing long-term institutional credibility within the Swiss market,” Future Holdings’ chairman Richard Byworth mentioned in a joint assertion.
The proposed acquisition comes months after Again co-founded Future Holdings in November 2025 with business veterans Richard Byworth and Sebastien Hess, when the corporate raised $35 million for its BTC treasury.
Again additionally supplied H100 with a $2.1 million convertible mortgage in June 2025, with the choice to take a position a further $12.8 million.
H100 units acquisition value for Future at $753,000
The proposed transaction values Future at about 375,000 Swiss francs, or roughly $471,000, plus the corporate’s money stability at closing.
Based mostly on Future’s present money place, the businesses mentioned the overall buy value is anticipated to be about 600,000 Swiss francs, or roughly $753,000, based on the announcement.
The acquisition value is anticipated to be paid in newly issued H100 shares on the closing value on the final buying and selling day earlier than the letter of intent.
Transaction anticipated to be accomplished in January
The deal stays topic to due diligence, the negotiation of definitive agreements and the receipt of required company and regulatory approvals. The businesses mentioned they anticipate signing and shutting to happen in January 2026.
For H100, the acquisition is a key step in its plan to develop past the Nordic area and place itself as a number one Bitcoin treasury and monetary platform in Europe.
“This transaction helps H100’s growth into Switzerland. Future brings related native expertise, and we see Switzerland as a key market as institutional buyers proceed to guage new approaches to capital allocation,” H100 chairman Sander Andersen mentioned.
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Aside from Future and H100, Blocksteam founder Again has backed plenty of Bitcoin treasury corporations, together with the French treasury Capital B (previously The Blockchain Group) and The Bitcoin Commonplace Treasury.
Throughout a increase in Bitcoin treasuries in summer season 2025, Again described Bitcoin adoption by public corporations because the “new altcoin season” for crypto speculators.
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