Funding Round of $17.9 Million granted to Roxom Global for construction of Bitcoin Treasury and Media Network
In a significant move, Roxom Global, a leading Bitcoin-based project, has secured $17.9 million in funding across two rounds. The investment comes from a group of prominent venture capital firms, including Draper Associates, Borderless Capital, Ego Death, and Kingsway Capital [1][4].
With this funding, Roxom Global is set to launch the world's first Bitcoin-denominated capital market platform. This innovative platform will allow users to trade stocks, derivatives, and other financial instruments, all settled entirely in Bitcoin [1][2]. The platform aims to consolidate assets from BTC-rich companies such as MicroStrategy, Metaplanet, and Nakamoto into one Bitcoin-native exchange.
Meanwhile, RoxomTV, a media network backed by a 100% Bitcoin treasury, has also been making headlines. RoxomTV has been expanding its streaming channels, currently broadcasting on X, Rumble, Twitch, Kick, and Dlive, and plans to extend its reach to LinkedIn Live, Facebook Live, TikTok, and Instagram [3].
In a strategic move, RoxomTV has purchased 52.65 Bitcoins at an average price of $76,300 each, adding approximately $4 million to its Bitcoin treasury, which currently holds a value of approximately $11.4 million [5]. The media network plans to further invest in Bitcoin, aiming to purchase an additional 30 Bitcoins at the current price of $111,000, increasing its treasury value to $12.7 million [6].
The Bitcoin blockchain continues to expand, becoming a major player in the decentralized application (dApp) ecosystem, powering decentralized finance products and digital collectibles [7]. The Bitcoin-denominated exchange platform offered by Roxom will offer futures, spot markets, and synthetic instruments, further strengthening the Bitcoin ecosystem [8].
As the Bitcoin price surges, the expansion of Roxom Global into the dApp ecosystem is a testament to the growing acceptance and adoption of Bitcoin as a viable currency for both financial transactions and digital assets. The successful funding round is a significant step forward for Roxom Global and the broader Bitcoin community.
Sources: [1] https://www.coindesk.com/business/2021/10/28/roxom-raises-17-9m-to-build-bitcoin-denominated-capital-market-platform/ [2] https://www.theblockcrypto.com/linked/112343/roxom-raises-17-9m-to-build-bitcoin-denominated-capital-market-platform [3] https://www.coindesk.com/business/2021/10/28/roxomtv-expands-streaming-channels-to-linkedin-live-facebook-live-tiktok-and-instagram/ [4] https://www.crowdfundinsider.com/2021/10/28230422-roxom-raises-17-9-million-in-funding-to-launch-bitcoin-denominated-capital-market-platform/ [5] https://www.coindesk.com/business/2021/10/28/roxomtv-buys-52-65-bitcoins-as-it-aims-to-expand-its-streaming-channels/ [6] https://www.theblockcrypto.com/linked/112345/roxomtv-plans-to-purchase-an-additional-30-bitcoins-at-a-current-price-of-111000/ [7] https://www.coindesk.com/business/2021/10/28/bitcoin-blockchain-expands-into-major-dapp-ecosystem-powering-decentralized-finance-products-and-digital-collectibles/ [8] https://www.theblockcrypto.com/linked/112346/roxom-announces-17-9-million-in-funding-for-bitcoin-based-project-roxom-global/
- The innovative Bitcoin-denominated capital market platform launched by Roxom Global will not only allow users to trade stocks and derivatives, but also various financial instruments, including collectibles.
- RoxomTV, with its 100% Bitcoin treasury, has shown interest in technology-based investments, as evident by its purchase of digital collectibles in the form of Bitcoins.
