6 hours ago
Bitcoin task Roxom is preparing to motorboat a bitcoin (BTC)-denominated banal exchange.
Roxom volition debut the caller speech successful September with a waitlist present unfastened for aboriginal access, according to an emailed announcement shared with CoinDesk connected Tuesday.
The San Francisco-based task said the speech volition "reflect the Bitcoin achromatic paper's archetypal imaginativeness of a global, permissionless store of value."
The bitcoin treasuries speech volition let BTC-denominated buying and selling of shares successful companies with important bitcoin holdings, specified arsenic Strategy (MSTR) and Metaplanet (3350).
Following the pb of these 2 companies, determination has been a glut of publicly-listed firms gathering bitcoin treasuries successful caller months. Just past week, 3 specified companies raised a combined $278 cardinal toward the extremity of boosting their BTC holdings.
Roxom's purpose is to supply vulnerability to bitcoin utilizing BTC treasury companies arsenic a proxy, without the request to person bitcoin oregon navigate brokerages.
The task raised $17.9 cardinal successful funding from Draper Associates, Borderless Capital, ego decease and Kingsway Capital earlier this year, with which it began gathering a bitcoin treasury of its own. Roxom held 84.72 BTC ($9.9 million) arsenic of May and has plans to get a further 30, which would instrumentality its treasury worth to astir $13.5 million.
Alongside its securities exchange, Roxom is besides gathering a 24/7 media web dedicated wholly to bitcoin.
Read more: Bitcoin Project Roxom Global Raises $17.9M to Build BTC Treasury, Create Media Network
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