Adam Back Defies Bitcoin Dip, Securing $35M for New Institutional BTC Treasury

Future Holdings AG, a Zurich-based bitcoin treasury firm led by Adam Back, has raised $35 million to expand its institutional-focused Bitcoin operations, a move that comes as the market faces renewed volatility and investor ￰1￱ company, known as Future, announced it secured 28 million Swiss francs (about $35 million) in a funding round led by Fulgur Ventures, Nakamoto, and ￰2￱ firm is building a balance-sheet-driven model for institutional Bitcoin treasury management, aiming to bridge traditional finance with the digital asset economy.) November 5, 2025 He described the investment as a reflection of growing institutional confidence in Bitcoin amid global macro ￰3￱ May, Adam believes that Bitcoin is significantly undervalued and could surge to between $500,000 and $1 million per coin during the current market cycle. @adam3us believes that Bitcoin is significantly undervalued and could surge to between $500,000 and $1 million per coin during the current market cycle. #Bitcoin #BTC ￰0￱ — ￰4￱ (@cryptonews) May 16, 2025 Bitcoin Dips Under $99K, Tests Long-Term Support Amid Whale Activity The announcement comes at a volatile moment for the broader crypto ￰5￱ fell below $99,000 on Tuesday, briefly touching lows of around $98,900 before rebounding to $101,800.

The drop marked its weakest level since June and drew attention from analysts after it slipped below its 365-day moving average, a level some see as a key macro indicator of trend ￰6￱ significance of Bitcoin losing the 365-day MA: It was the final confirmation to the start of the 2022 bear ￰7￱ price needs to cross back above it ￰8￱ — Julio Moreno (@jjcmoreno) November 4, 2025 Julio Moreno, head of research at CryptoQuant, noted that the last time Bitcoin breached this indicator was during the onset of the 2022 bear ￰9￱ the pullback, on-chain data suggests accumulation among long-term holders remains ￰10￱ to CryptoQuant contributor Darkfost, accumulator wallets, addresses that only buy and never sell, added a record 375,000 BTC over the past month, including 50,000 BTC during the latest price ￰11￱ accumulating BTC are reaching record ￰12￱ more than 375,000 BTC accumulated over a 30-day change, these accumulator addresses have just set a new all-time high in BTC ￰13￱ yesterday alone, over 50,000 BTC were added by this type of address.… ￰14￱ — Darkfost (@Darkfost_Coc) November 5, 2025 He said the trend, which has doubled monthly average accumulation since September, indicates renewed interest among institutional and long-term ￰15￱ have also played a role in sustaining ￰16￱ ￰17￱ Bitcoin exchange-traded funds recorded more than $500 million in net outflows on Tuesday, the largest fund, BlackRock’s iShares Bitcoin Trust (IBIT), remained flat, signaling continued institutional positioning rather than a full ￰18￱ traders have called for calm, suggesting the correction is within historical ￰19￱ from Glassnode shows Bitcoin’s drawdown from October’s all-time high is about 21%, consistent with prior cycles.) to Kraken since October ￰20￱ early adopter, Owen Gunden, moved 3,265 BTC (worth $364.5 million) to the same exchange in late ￰21￱ these transfers don’t confirm immediate sales, they often precede increased trading activity and volatility.

Meanwhile, other corporate Bitcoin holders are taking defensive steps. Paris-based semiconductor company Sequans Communications sold nearly 970 BTC, roughly a third of its holdings , to repay debt and stabilize its balance sheet.