According to Foresight News and reported by CoinDesk, the Bitcoin priority protocol Portal to Bitcoin announced the completion of a $50 million funding round, led by Paloma Investments, bringing the total funding for the project to $92 million. This funding will be used to support the expansion of Portal's adapter BitScaler, which can scale native Bitcoin without wrapping tokens.
Portal plans to use the new funds to expand its funding program and attract institutional and community liquidity providers.
