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

ChainCatcher news, according to The Block, the European digital asset platform STOKR has completed a $7.98 million funding round, planning 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, including 100 Bitcoins (approximately $6.78 million) and €1.2 million in cash (a total of €7.4 million).

STOKR stated that it will follow MicroStrategy's strategy and actively expand its Bitcoin reserves in the coming years. In addition, the company plans to launch Bitcoin-based tokenized assets and develop institutional tokenization infrastructure on native Bitcoin Layer 2 technologies (such as Liquid Network).

STOKR's co-CEO Arnab Naskar said that establishing a Bitcoin reserve is an important step for the platform's development in the field of Bitcoin derivatives tokenization.