H100 signed a letter of intent to acquire two Bitcoin treasury companies and their BTC holdings, which could make it the second-largest Bitcoin treasury company in Europe. Sweden-listed health-tech and Bitcoin (BTC) treasury company H100 Group has entered into a letter of intent (LOI) with the shareholders of privately-held Norwegian Bitcoin companies Moonshot and Never Say Die to acquire all shares of the target companies in exchange for newly issued H100 stock. The proposed transaction would be completed with newly issued H100 shares and no cash consideration, a structure intended to preserve the sellers’ Bitcoin exposure while moving the assets into a larger listed vehicle, according to a Monday press release. A definitive agreement is expected by April 22, with closing targeted after H100’s annual general meeting. H100’s public materials currently show inconsistent AGM dates: its investor-relations calendar lists April 21, while a March 12 company notice referred to an AGM on May 21. Read more
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. Read more