Bitcoin Project Roxom Global Raises $17.9M to Build BTC Treasury, Create Media Network

Bitcoin (BTC) project Roxom Global is building a BTC-denominated securities exchange and a 24/7 media network dedicated entirely to bitcoin.

Roxom has raised $7.9 million in investment for its exchange from Draper Associates, Borderless Capital, ego death and Kingsway Capital and $10 million in a private funding round for RoxomTV, according to an announcement shared with CoinDesk on Thursday.

It is building a bitcoin-denominated exchange with futures, spot markets and synthetic instruments priced and settled in BTC. Roxom aims to “bring Bitcoin standards to global finance,” CEO Borja Martel Seward said in the announcement.

The exchange is focused on Latin America, Europe and parts of Asia and the Middle East, and is not yet available in the U.S.

Following the model of Strategy (MSTR) and Metaplanet (3350), RoxomTV is going to be a media network, backed by a 100% bitcoin treasury. It currently holds 84.72 BTC, of which 52.65 were acquired using capital from the funding round at an average price of around $76,300 per coin.

The company has plans to add a purchase a further 30 BTC in the coming weeks, which would give it a bitcoin treasury worth over $12.7 million based on the current price of $111,000.

RoxomTV is broadcast on X and streaming platforms Rumble, Twitch, Kick and Dlive, with plans to expand to Linkedin Live, Facebook Live, TikTok and Instagram.

It currently broadcasts from San Francisco and London and will establish a third hub in Hong Kong in Q3, Roxom said in Thursday’s announcement.