Blockstream CEO Adam Back has successfully raised $35 million to establish a dedicated institutional Bitcoin treasury vehicle. This initiative comes despite the current market dip, showcasing strong confidence in Bitcoin’s long-term potential.
The new treasury vehicle aims to support and encourage corporate investors in their BTC accumulation strategies. By providing a specialized institutional solution, Adam Back is reinforcing the growing momentum behind long-term Bitcoin investment.
This move highlights a broader trend of companies seeking to increase their exposure to Bitcoin, even during periods of market volatility.
The post Adam Back Defies Bitcoin Dip, Securing $35M for New Institutional BTC Treasury appeared first on Cryptonews.
https://cryptonews.com/news/adam-back-future-raises-30m-institutional-bitcoin-treasury/
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