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.jpg "STOKR Raises $7.98M to Expand Bitcoin Treasury")
(Luxembourg – October 24, 2024) - STOKR, a leading European digital investment marketplace for tokenized securities, today announced the successful close of a $7.98 million strategic funding round. The investment, led by Fulgur Ventures, a venture capital firm focused on Bitcoin and Lightning Network startups, includes 100 BTC (equivalent to $6.78 million at the time of the investment) and €1.2 million in cash. This funding will bolster STOKR's Bitcoin treasury and accelerate the development of new Bitcoin-based tokenized assets and infrastructure.
STOKR provides a platform for small and medium-sized enterprises (SMEs) to raise capital by issuing compliant security tokens directly to investors. This latest funding round underscores STOKR’s commitment to leveraging Bitcoin and Layer-2 technologies like the Liquid Network to enhance the efficiency and accessibility of tokenized securities. The company aims to democratize investment opportunities while ensuring regulatory compliance and transparency.
"We are excited to partner with Fulgur Ventures and embrace Bitcoin as a core component of our treasury strategy," said Arnab Naskar, Co-founder and CEO of STOKR. "This investment will enable us to build critical infrastructure for institutional tokenization on Bitcoin Layer-2 technologies and expand our offerings of Bitcoin-based tokenized assets."
The strategic decision to incorporate Bitcoin into its treasury aligns with STOKR's long-term vision of fostering innovation in the digital securities space. The company plans to follow a strategy similar to MicroStrategy, aggressively expanding its Bitcoin holdings in the coming years. This move signifies a growing trend among companies seeking to diversify their treasuries and leverage the potential of Bitcoin as a store of value.
Key Investor:
- Fulgur Ventures: A venture capital firm focused on early-stage investments in Bitcoin and Lightning Network startups.
Key Uses of Funds:
- Bitcoin Treasury Expansion: Building upon the initial 100 BTC investment, STOKR will continue to accumulate Bitcoin as part of its treasury strategy.
- Bitcoin-Based Tokenized Assets: Developing and launching new tokenized assets based on Bitcoin and Layer-2 technologies.
- Infrastructure Development: Building infrastructure to simplify and streamline institutional tokenization on native Bitcoin Layer-2 technologies like the Liquid Network.
About STOKR:
STOKR is a digital investment marketplace focused on tokenized securities, enabling SMEs to raise capital and providing investors with access to innovative projects. The platform emphasizes regulatory compliance and transparency, aiming to democratize investment opportunities in the evolving digital asset landscape. STOKR is headquartered in Luxembourg.
About Fulgur Ventures:
Fulgur Ventures invests in early-stage startups building on Bitcoin and the Lightning Network. The firm focuses on supporting companies that are driving innovation and adoption within the Bitcoin ecosystem.
Compiled by CMO Intern team
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