European digital asset platform STOKR completes $7.98 million in financing, led by Fulgur Ventures

Odaily News 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 (approximately $6.78 million) and 1.2 million euros in cash (a total of 7.4 million euros). STOKR said it would 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. Arnab Naskar, co-CEO of STOKR, said that the establishment of a Bitcoin reserve is an important step in the development of the platform in the field of Bitcoin derivatives tokenization. (The Block)