PANews reported on May 22, according to CoinDesk, that the Bitcoin project Roxom Global has completed a $17.9 million financing to build a Bitcoin-priced securities trading platform and an all-weather media network, RoxomTV. This round of financing was led by institutions such as Draper Associates and Borderless Capital, with $7.9 million allocated for exchange development and $10 million for media operations. The project currently holds 84.72 BTC (worth approximately $8.53 million) and plans to increase its holdings by 30 BTC soon, bringing the total value of its Bitcoin reserves to over $12.7 million (calculated at the current price of $111,000/BTC). RoxomTV has already launched on platforms like X and Rumble, and will establish a new operations center in Hong Kong in the third quarter.
Its Bitcoin-priced exchange will offer futures, spot, and synthetic financial products, primarily targeting Latin America, Europe, and some Asian markets, and will not serve U.S. users for now. This project emulates the MicroStrategy model, converting all capital reserves into Bitcoin.
