Europe-based crypto marketplace STOKR has announced plans to use $7.98 million in recent fundraising to create one of the first corporate bitcoin treasuries in the European Union. The move mirrors MicroStrategy’s bitcoin strategy, as STOKR looks to aggressively expand its bitcoin holdings over the coming years.
Bitcoin Treasury and Future Plans
STOKR’s funding round, led by Fulgur Ventures, raised 100 BTC (worth $6.78 million) and €1.2 million in cash. This total funding of €7.4 million ($7.98 million) will be used to establish its corporate bitcoin treasury. The company aims to grow its bitcoin reserves significantly while also launching new bitcoin-based tokenized assets on Layer 2 technologies like the Liquid Network.Tokenization and Compliance
In addition to the bitcoin treasury, STOKR will build infrastructure to support institutional tokenization on native bitcoin Layer 2 solutions. Co-CEO Arnab Naskar emphasized the potential of asset tokenization on Bitcoin, calling it a logical next step for the platform. STOKR is also working on transitioning from a Virtual Asset Service Provider (VASP) to becoming a regulated Crypto Asset Service Provider (CASP) under Europe’s MiCA regulatory framework. This move will allow STOKR to comply with the EU’s stricter crypto regulations, enhancing its credibility in the space.
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