H100 Group Signs LOI To Acquire Swiss Bitcoin Treasury Firm Future Holdings

H100 Group AB has entered into a non-binding letter of intent to acquire 100% of the shares in Future Holdings AG, a Switzerland-based company focused on Bitcoin treasury management. 

The proposed transaction would expand H100’s operations into Switzerland and add to its Bitcoin treasury and capital markets activities.

In its announcement, H100 described Switzerland as an important financial jurisdiction, citing its institutional investor base, currency stability, and capital markets infrastructure. 

The company also noted that declining interest rates in recent years have reduced yields across parts of the traditional fixed income market, leading some institutional investors to review portfolio construction and capital allocation approaches, including alternative treasury assets.

According to H100, Bitcoin treasury strategies are increasingly being assessed by institutional investors as a potential complement to traditional balance sheet assets, particularly with respect to long-term value preservation and capital efficiency. 

The company stated that a Swiss presence aligns with its approach to operating within established institutional and regulatory frameworks.

Future Holdings operates in Switzerland and focuses on Bitcoin treasury activities structured for the local institutional environment. 

The company has previously explored a public listing in Switzerland, although that process did not proceed. H100 stated that combining Future with an existing publicly listed group would provide a different regulatory and operational structure than a standalone listing.

If completed, the transaction would combine H100’s public-market presence and operating history in Sweden with Future’s experience in Swiss institutional finance. 

H100 indicated that the acquisition is intended to support the establishment of a local Swiss presence and further development of its Bitcoin treasury operations.

Sander Andersen, Chairman of H100, commented “this transaction supports H100’s expansion into Switzerland. Future brings relevant local experience, and we see Switzerland as a key market as institutional investors continue to evaluate new approaches to capital allocation.”

Richard Byworth, Chairman of Future, added “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.”

Under the terms of the letter of intent, the proposed purchase price consists of CHF 375,000 plus Future’s cash balance at closing. 

Based on current cash levels, the total consideration is expected to be approximately CHF 600,000. 

The transaction is intended to be settled through the issuance of newly issued H100 shares, with the subscription price based on H100’s most recent closing share price prior to the signing date.

Completion of the transaction is subject to due diligence, execution of definitive agreements, and receipt of required corporate and regulatory approvals. 

The parties currently expect signing and closing to occur simultaneously in January 2026.

H100 Group operates a health technology business providing automation, digital growth tools, and platform solutions to health and lifestyle service providers. 

The company has also previously disclosed support for its Bitcoin treasury strategy from Adam Back, CEO of Blockstream, who has publicly characterized Bitcoin as “digital gold.”

The company also maintains a Bitcoin treasury strategy and reports holding 1,046 Bitcoin on its balance sheet, according to its disclosures.