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

Funding round backed by Fulgur Ventures, Nakamoto, and TOBAM positions FUTURE as an institutional bridge between Bitcoin and global capital.

By James Van Straten, AI Boost|Edited by Jamie Crawley

Updated Nov 5, 2025, 9:49 a.m. Published Nov 5, 2025, 9:20 a.m.

Adam Back, CEO Blockstream (second from right) speaks at Consensus Hong Kong 2025 by CoinDesk (CoinDesk/Personae Digital) — FUTURE (Future Holdings AG) raised $35 million (CHF 28 million) to expand its balance-sheet-driven bitcoin treasury model under the leadership of Richard Byworth, Sebastien Hess and Adam Back (second from right) (Personae Digital, modified by CoinDesk))