Just read that there is quite a bit of movement happening in the crypto strategy at Swiss bank Banque Syz SA. Marc Syz and his father Eric have different visions for how to proceed with the Bitcoin treasury business.

The core of the matter: Marc Syz wanted, together with Richard Byworth, for Future Holdings to go public independently, rather than being integrated under the management of Syz Capital. This led to a split, and Marc Syz left the bank.

What’s interesting here is that after the merger with H100 Group AB, Future Holdings will hold about 3,500 BTC. That’s a significant amount—currently, at $80K pro Bitcoin, a portfolio in the three-digit millions. The goal is to be listed both in Sweden and in Switzerland and to become one of the largest Bitcoin treasury companies in Europe.

What fascinates me: Marc Syz obviously sees great potential in a standalone Bitcoin company. The strategy makes sense—Bitcoin treasuries are becoming increasingly institutional, and a European company of this size could indeed be interesting. It also shows that traditional financial institutions like Banque Syz SA are realizing that crypto can no longer be ignored.

Stay tuned to see how Marc Syz and his team will further develop Future Holdings. A pure Bitcoin play could definitely attract attention.