Bitcoin treasury companies associated with Adam Back enter into initial agreement to merge

Adam Back-Backed Firms Move Toward Merger to Boost Bitcoin Holdings

Two companies supported by Adam Back, the British cryptographer and Blockstream co-founder, have initiated steps toward merging in order to enhance their management of bitcoin (BTC) reserves.

H100 Group (H100), a Swedish firm specializing in health technology and holding 1,046 BTC, has signed a preliminary agreement to acquire the entirety of Future Holdings AG, a Zurich-based company focused on bitcoin treasury management. Last November, Future Holdings secured $35 million to develop an institutional bitcoin strategy aimed at connecting traditional finance with global capital markets, though it has not revealed the size of its bitcoin assets.

Should the deal proceed, H100 would gain a foothold in Switzerland, supporting its efforts to expand its bitcoin treasury operations. Switzerland is considered a prime location for such activities, thanks to its stable currency, advanced investor community, and robust financial markets. Letters of intent like this one are generally non-binding and serve to outline the main terms of a potential acquisition.

Beyond its health tech operations, H100 is also a publicly traded company focused on bitcoin treasury and capital markets, aiming to optimize its balance sheet and offer institutional investors access to Bitcoin through public market channels.

Following the announcement, H100’s stock price increased by 0.6% to 2.33 kronor (approximately 25 cents), marking a 23% rise since the start of the year.