rewrite this title and make it good for SEO Roxom Global Secures $17.9M Funding Round to Build BTC Treasury and Media Network – NFTgators

Quick take:

The funds were raised across two rounds with Draper Associates, Borderless Capital, Ego Death and Kingsway Capital backing Roxom’s crypto exchange project with $7.9 million.

The exchange will offer futures, spot markets and synthetic instruments priced and settled in BTC.

The company also raised an additional $10 million in private funding for RoxomTV.

Roxom Global, a Bitcoin-based project building a crypto exchange and a media network powered by BTC has announced $17.9 million in funding raised across two rounds. Draper Associates, Borderless Capital, Ego Death and Kingsway Capital are backing Roxom’s crypto exchange project with $7.9 million.

The bitcoin-denominated exchange platform will offer futures, spot markets and synthetic instruments priced and settled in BTC, Roxom told CoinDesk on Thursday.

The announcement comes amid the surging Bitcoin price and the expansion of its native blockchain into a major dApp ecosystem, powering decentralised finance (DeFi) products, and digital collectibles among others.

Roxom also raised an additional $10 million in private funding for RoxomTV, a media network backed by 100% Bitcoin treasury.

RoxomTV currently broadcasts its content on X and via streaming platforms Rumble, Twitch, Kick and Dlive. The company also has plans to expand its streaming channels to Linkedin Live, Facebook Live, TikTok and Instagram.

RoxomTV currently holds 84.72 BTC after buying 52.65 Bitcoins using proceeds from the current funding round at an average price of $76,300 per Bitcoin. It plans to purchase an additional 30 BTC, which based on the current price of $111,000 will value its bitcoin treasury holdings at $12.7 million.

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