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Bitcoin Treasury Firms Linked to Adam Back Sign Preliminary Agreement to Combine
Source: CryptoNewsNet Original Title: Bitcoin treasury firms linked to Adam Back sign preliminary agreement to combine Original Link: Two companies backed by Adam Back, a British cryptographer and co-founder of Blockstream, started on the path to amalgamate to strengthen their bitcoin treasury management capabilities.
H100 Group (H100), a Swedish health-technology company with 1,046 BTC, signed a letter of intent to buy all of Future Holdings AG, a Zurich-based bitcoin treasury company. In November, Future raised $35 million to build an institutional, balance-sheet driven bitcoin strategy designed to bridge traditional finance and global capital markets. It hasn’t disclosed its bitcoin holdings.
If completed, the acquisition would support H100’s ambition to establish a local Swiss presence and further scale its Bitcoin treasury strategy. Switzerland is viewed as a key strategic market due to its strong currency, sophisticated investor base and deep capital markets. Letters of intent are typically non-binding and used to establish the broad terms of the acquisition.