Bitcoin treasury firm H100 has announced a letter of intent to acquire Swiss Bitcoin treasury firm Future Holdings AG, as per an official press release. As part of the transaction, H100 will be acquiring 100% of Future’s shares.
“Among European peers, Future has attracted attention for its institutional approach to Bitcoin treasury management and its experience with capital market instruments tailored to the Swiss market. Future has previously explored a public listing in Switzerland,” read the official statement
“While that process did not proceed, H100 believes that combining Future with an established listed group provides a materially different starting point from a regulatory, operational and capital markets perspective,”
The update comes alongside another one. CEO Johannes Wiik and Chairman Sander Anderssen purchased 39,589 shares and 80,000 shares in H100.
The deal is expected to expand H100’s presence in Bitcoin treasuries and, as Future Holdings is based in Switzerland, gives the firm access to a new region in Europe, apart from the Netherlands, where it first started to hodl Bitcoin.
According to the company’s last report, H100 was holding 1,046 BTC.