Adam Back-backed Bitcoin treasury Future Holdings set for takeover by H100
Adam Back-backed Bitcoin treasury Future Holdings has agreed to a takeover proposal from Sweden-listed H100 Group as it eyes expansion into Switzerland.
Future Holdings AG, a Switzerland-based Bitcoin treasury company backed by industry veteran Adam Back, has agreed to preliminary terms that may see it acquired by Sweden-listed H100 Group.
The Swiss Bitcoin (BTC) treasury company on Monday announced it had entered a non-binding letter of intent with H100 covering the 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.