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Crypto Biz: Bitcoin whales trade keys for comfort

Bitcoin's prominent whales, once staunch advocates of self-custody, are increasingly turning to traditional finance. A BlackRock executive disclosed that many early Bitcoin holders are exchanging portions of their holdings for Bitcoin ETFs, which allows them to integrate with conventional wealth management tools while relinquishing control over their private keys. This trend comes as onchain data shows a decline in self-custodied Bitcoin after a 15-year uptrend, coinciding with rising ETF adoption. Meanwhile, Ripple-backed Evernorth is set to merge with Armada Acquisition Corp. II to establish an XRP treasury, projected to raise over $1 billion. Galaxy Digital recently reported stellar Q3 earnings of $505 million amid increased trading activity and institutional demand, handling a significant 80,000 BTC transaction. Additionally, Wise is reportedly embarking on a stablecoin initiative, seeking a digital asset product lead to support this expansion. The firm, known for its low-cost international transfers, aims to diversify its services in the burgeoning digital assets space.

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Adam Back and Switzerland’s FUTURE Secure 28 Million Swiss Francs to Build Bitcoin Treasury

FUTURE (Future Holdings AG), a Zurich-based bitcoin treasury company, has raised 28 million Swiss francs (approximately $35 million) to develop its bitcoin treasury model. The funding round, supported by Fulgur Ventures, Nakamoto, and TOBAM, is aimed at bridging traditional finance with bitcoin through a balance-sheet-driven approach. The leadership includes Richard

Adam Back and Switzerland’s FUTURE Secure 28 Million Swiss Francs to Build Bitcoin Treasury

FUTURE (Future Holdings AG), a Zurich-based bitcoin treasury company, has raised 28 million Swiss Francs (approximately $35 million) to expand its balance-sheet-driven bitcoin treasury model. The funding round was supported by Fulgur Ventures, Nakamoto, and TOBAM. FUTURE focuses on bitcoin treasury management, analytics, secure infrastructure, and advisory services, positioning itself

Adam Back and Switzerland’s FUTURE Secure 28 Million Swiss Francs to Build Bitcoin Treasury

FUTURE Holdings AG, based in Zurich, secured 28 million Swiss Francs (approximately 35 million USD) to enhance its Bitcoin treasury business. The funding round was led by Fulgur Ventures, Nakamoto, and TOBAM. FUTURE aims to be a bridge between traditional finance and Bitcoin, offering services including treasury management and secure

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