Future Holdings AG, a Swiss Bitcoin treasury company backed by industry veteran Adam Back, said on Monday it has entered a non-binding letter of intent to be acquired by Sweden-listed H100 Group as part of a plan to gain a public-market platform and institutional credibility in Switzerland. The companies described the agreement in a formal letter of intent, which outlines the potential 100% share purchase (entered letter of intent).
The proposed deal values Future at about 375,000 Swiss francs, roughly $471,000, plus the company’s cash balance; total purchase price is expected near 600,000 Swiss francs, roughly $753,000. The payment is planned in newly issued H100 shares at the closing price on the last trading day before the LOI.
The transaction remains subject to due diligence, definitive agreements and regulatory approvals, with signing and closing expected in January 2026. H100 said the move is central to its plan to expand beyond the Nordic region and build a European Bitcoin treasury platform.
Future was co-founded in November 2025 by Adam Back, Richard Byworth and Sebastien Hess, after raising $35 million for its BTC treasury. “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,” said Richard Byworth (stated in the LOI). Adam Back previously provided H100 a $2.1 million convertible loan in June 2025 (stated) and has backed other treasuries such as Capital B (mentioned) and The Bitcoin Standard Treasury. Future confirmed the update on social media.
