Bitcoin (BTC) Project Roxom Global builds a BTC-denominated securities exchange and a 24/7 media network dedicated to Bitcoin.
Roxom raised $ 7.9 million in investment for its exchange from Draper Associates, Borderless Capital, Ego Death and Kingsway Capital and $ 10 million in a private funding for RoxomTV, according to an announcement shared on CoinDesk on Thursday.
Its developing a bitcoin exchange with a denomination with futures, spot markets and synthetic instruments that are priced and fixed to BTC. Roxom aims to “bring Bitcoin standards to global finance,” CEO Borja Martel Seward said in the announcement.
The exchange is dedicated to Latin America, Europe and parts of Asia and the Middle East, and is not yet available in the US
Following the model of Strategy (Mstr) and Metaplanet (3350), Roxomtv will be a media network, supported by a 100% Bitcoin treasury. It currently holds 84.72 BTC, of which 52.65 is obtained using capital from the funding of funding to an average price around $ 76,300 per coin.
The company plans to add a purchase of additional 30 BTCs in the coming weeks, which will give it a Bitcoin Treasury worth more than $ 12.7 million based on the current price of $ 111,000.
Roxomtv has been -Broadcast in X And streaming platform Rumble, Twitch, Kick and DLive, with plans to expand Linkedin Live, Facebook Live, Tiktok and Instagram.
It is currently being broadcast from San Francisco and London and will establish a third hub in Hong Kong in Q3, Roxom said in a Thursday announcement.
