Roxom Global raises $ 17.9 million. In financing

Bitcoin (BTC) project Roxom Global builds a BTC -Denominated Safe Authority Exchange and a 24/7 Media Network dedicated to Bitcoin.

Roxom has raised $ 7.9 million in investments to exchange from Draper Associates, Borderless Capital, EGO death and Kingsway Capital and $ 10 million in a private financing round for RoxomTV, according to a message shared with Coindesk on Thursday.

It builds a Bitcoin-denominated exchange with futures, spot markets and synthetic instruments that are priced and settled in BTC. Roxom aims to “bring Bitcoin standards to global funding,” CEO Borja Martel Seward said in the announcement.

The exchange is focused on Latin America, Europe and parts of Asia and the Middle East and is not yet available in the US

Following the strategy for strategy (Mstr) and Metaplanet (3350), RoxomTV will become a media network, supported by a 100% Bitcoin state box. It currently has 84.72 BTC, of ​​which 52.65 was acquired by means of capital from the financing round at an average price of about $ 76,300 per year. Coin.

The company has plans to add a purchase another 30 BTC in the coming weeks, which would give it a Bitcoin Treasury worth over $ 12.7 million based on the current price of $ 111,000.

ROXOMTV is broadcast on X, and streaming platforms rumble, twitch, kick and dlive, with plans to expand to LinkedIn Live, Facebook Live, Tiktok and Instagram.

It is currently releasing from San Francisco and London and establishing a third hub in Hong Kong in the Q3, Roxom said in Thursday’s announcement.

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