Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.
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Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.
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“We keep a working capital for about three to six months in cash, and then the rest all goes into Bitcoin,” said co-owner Aly Hamam.
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The company said it planned to use the funds for expanding its existing product and service line in addition to exploring strategic acquisitions.
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Despite last week’s institutional Bitcoin outflows of $55 million, negative sentiment could be on the wane.
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A video emerged claiming that the leader of the Russian Orthodox Church was blessing financial investments.
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United States lawmakers remain underinvested in crypto, but this is likely to change in 2022.
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2021 was a year of affirmation for the Brazilian crypto market with good news in the national stock market, the promise of a CBDC and Brazilian soccer joining the game.
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The India International Exchange is reportedly looking to explore digital asset-based products despite local uncertainty.
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Rio de Janeiro mayor Eduardo Paes talked about Bitcoin with Miami mayor and BTC bull Francis Suarez at Rio Innovation Week.
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