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. The round 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 in the next few years. In addition, the company also plans to launch Bitcoin-based tokenized assets and develop institutional tokenization infrastructure on native Bitcoin Layer 2 technologies (such as Liquid Network).
STOKR's co-CEO Arnab Naskar said that the establishment of a Bitcoin reserve is an important step in the platform's development in the field of Bitcoin derivatives tokenization. (The Block)