Bitcoin Project Roxom Global Raises $17.9M to Build BTC Treasury, Create Media Network
Roxom Global, a Bitcoin (BTC) project, is developing a BTC-denominated securities exchange and a 24/7 media network, RoxomTV, both dedicated entirely to Bitcoin. The company recently secured significant funding to support these ventures.
The exchange, currently under development, will offer futures, spot markets, and synthetic instruments, all priced and settled in BTC. Targeting Latin America, Europe, and parts of Asia and the Middle East, it aims to establish Bitcoin as a global financial standard. The exchange is not yet available in the U.S.
Roxom’s media network, RoxomTV, mirrors the strategies employed by MicroStrategy (MSTR) and Metaplanet (3350), maintaining a 100% Bitcoin treasury. The network has already raised $10 million in a private funding round, using a portion to acquire 52.65 BTC at an average price of approximately $76,300 per coin. The company currently holds 84.72 BTC and plans to purchase an additional 30 BTC in the near future, boosting its Bitcoin treasury to a value exceeding $12.7 million based on the current BTC price of around $111,000.
RoxomTV’s broadcasts are currently available on X, Rumble, Twitch, Kick, and Dlive, with plans for expansion to LinkedIn Live, Facebook Live, TikTok, and Instagram. The network operates from studios in San Francisco and London, with a third hub planned for Hong Kong in the third quarter of this year.
Roxom’s exchange project received $7.9 million in investment from Draper Associates, Borderless Capital, ego death, and Kingsway Capital. This funding underscores the growing interest in Bitcoin-centric financial infrastructure and media platforms. The company’s multifaceted approach, combining a Bitcoin-denominated exchange with a dedicated media network, positions it as a significant player in the evolving Bitcoin ecosystem. The expansion plans highlight Roxom’s ambition to increase its reach and influence within the global Bitcoin community.
