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