Roxom Set to Introduce BTC-Denominated Stock Exchange Amid Bitcoin Treasury Trend
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Roxom Set to Introduce BTC-Denominated Stock Exchange Amid Bitcoin Treasury Trend

Roxom, a Bitcoin-focused venture, will unveil a BTC-denominated stock exchange that aims to capitalize on the growing popularity of Bitcoin treasury strategies among publicly-listed companies.

What to Know:

  • Roxom is launching a BTC-denominated stock exchange.
  • The exchange is set to go live in September, with early access waitlist available.
  • This exchange will facilitate BTC-based trading of shares from firms like Strategy and Metaplanet that hold considerable amounts of Bitcoin.

Roxom’s initiative aims to embody the principles outlined in the Bitcoin whitepaper — serving as a global, permissionless asset store.

Roxom aims to provide users an avenue to invest in Bitcoin through treasury companies without needing to convert Bitcoin or deal with brokerage complexities. Earlier, it secured $17.9 million in funding from investors such as Draper Associates and Kingsway Capital, starting its own treasury with 84.72 BTC valued at approximately $9.9 million. Plans are in place to enhance this treasury to around $13.5 million by acquiring more BTC.

Additionally, Roxom is establishing a 24/7 media network focused exclusively on Bitcoin.

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