PANews reported on May 22 that according to CoinDesk, the Bitcoin project Roxom Global has completed a financing of US$17.9 million to build a Bitcoin-denominated securities trading platform and an all-weather media network RoxomTV. This round of financing was led by Draper Associates, Borderless Capital and other institutions, of which US$7.9 million will be used for exchange development and US$10 million for media business. The project currently holds 84.72 BTC (worth approximately US$8.53 million) and plans to increase its holdings by 30 in the near future, bringing the total value of Bitcoin reserves to more than US$12.7 million (calculated at the current US$111,000/BTC). RoxomTV has been launched on platforms such as X and Rumble, and a new operations center will be established in Hong Kong in the third quarter.

Its Bitcoin-denominated exchange will offer futures, spot and synthetic financial products, mainly targeting Latin American, European and some Asian markets, and will not serve U.S. users for the time being. The project follows the MicroStrategy model and converts all its capital reserves into Bitcoin.