H100 is in the process of establishing a Bitcoin axis between the Nordics and Switzerland, where Norwegian leadership, a Swedish stock exchange listing, and Swiss financial infrastructure bring Bitcoin closer to Europe’s capital markets
Over the past year, H100 has gone from being a Nordic niche company to becoming a prominent player in the European Bitcoin landscape. The company has adopted a clear Bitcoin Treasury strategy, built up a fast-growing BTC holding, and used the IPO in Sweden as a platform to raise capital and new investors. The acquisition of Swiss Future Holdings AG and the building of an operational platform in Switzerland marks the next phase in this evolution, with H100 linking up with one of Europe's most important hubs for finance and regulation.
Image: top (left) Sander Andersen and Johannes Wiik, bottom Richard Byworth (left) and Marc Syz
H100 Group AB has recently completed the acquisition of Future Holdings AG, a Swiss Bitcoin-operated treasury and capital markets company. The transaction has been completed as a share agreement and provides H100 with an operational platform in Switzerland. With this, H100 goes from being a purely Nordic listed Bitcoin Treasury environment to becoming a company with an operational foothold in Switzerland — one of Europe's most important hubs for finance, regulation and Bitcoin infrastructure.
Future Holdings was built as a “Bitcoin Treasury Company” with the ambition to become one of Europe's leading institutional Bitcoin platforms. The company last year raised 28 million Swiss francs in a strategic funding round to build a balance-leading platform with Bitcoin at its centre. By acquiring Future, for a consideration equivalent to SEK 6.9 million in H100 shares, H100 gains access to both expertise, networks and an established position in the Swiss market.
The result is a model in which a Swiss Bitcoin platform and a Swedish IPO play together — with the ability to serve both Nordic and international investors who want exposure to Bitcoin and related strategies. Future has previously explored the possibility of an IPO in Switzerland, and combined with H100's existing exchange platform in Sweden, it provides a more robust starting point should a Swiss listing become applicable at a later date.
As part of the transaction, Richard Byworth, Marc Syz and Donald Ewer step into active roles as consultants for H100 and are proposed as new directors. It ties the key people behind Future Holding closely to the further development of H100.
Richard Byworth is a Swiss-based investment manager with heavy experience in global capital markets, alternative investments and digital assets. Marc Syz has more than two decades behind him in international finance. While Donald Ewer complements the team with experience from capital markets, credit and institutional structures.
Sander Andersen and Johannes Wiik in H100 management, Chairman and CEO respectively, also see the acquisition in Switzerland as a link between a Nordic commodity culture and a Swiss financial centre built on trust. In a commentary article on Kaupr, Andersen has previously described how he sees Bitcoin as a continuation of historical commodity markets such as oil and shipping. There, he draws lines from exploration and industrialization to institutionalization and financialization, arguing that Bitcoin is becoming a global commodity market -- an independent “collateral layer” on which the financial system can be built.
With H100 now building a bitcoin axis between the Nordic region and Switzerland, Bitcoin can thus also be read as a new digital commodity that continues the long lines between Nordic commodity environments and European financial markets
Along the way, H100 has also adjusted its corporate structure. Johannes Wiik was appointed CEO last autumn, while founder Sander Andersen stepped into the role of Executive Chairman. Together with the advisers from Future, this paints a picture of a company attempting to build something more than just a “Bitcoin‑exposed stock.”