Bitcoin treasury firms linked to Adam Back sign preliminary agreement to combine

The proposed deal would take Sweden-based H100 into Switzerland and deepen its institutional bitcoin treasury strategy.

By James Van Straten, AI Boost|Edited by Sheldon Reback

Jan 12, 2026, 2:22 p.m.

What to know:

H100, which holds 1,046 BTC, operates as a publicly listed bitcoin treasury views the acquisition of Future Holdings as a strategic step toward establishing a Swiss presence and scaling its treasury operations.

Future Holdings, in November raised $35 million to build an institutional, balance sheet driven bitcoin treasury platform.

Both companies are backed by Adam Back, a co-founder of Blockstream.

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