PANews reported on October 24 that according to The Block, European digital asset platform STOKR has completed a $7.98 million financing, and plans to use most of the funds to establish one of the first corporate Bitcoin reserves in Europe. This round of financing was led by Fulgur Ventures and included 100 bitcoins (about $6.78 million) and 1.2 million euros in cash (a total of 7.4 million euros).
STOKR said it will follow MicroStrategy's strategy and actively expand its Bitcoin reserve pool in the next few years. In addition, the company plans to launch tokenized assets based on Bitcoin and develop institutional tokenization infrastructure on native Bitcoin Layer 2 technology (such as Liquid Network). Arnab Naskar, co-CEO of STOKR, said that the establishment of a Bitcoin reserve pool is an important step in the development of the platform in the field of Bitcoin derivatives tokenization.
