Roxom Global Raises $17.9 Million for Bitcoin Exchange and Media Network

Roxom Global, a pioneering venture in the Bitcoin ecosystem, has successfully raised $17.9 million in seed funding. This substantial investment is earmarked for two ambitious projects: the development of a Bitcoin-denominated securities exchange and the launch of RoxomTV, a 24/7 media network dedicated entirely to Bitcoin. The funding round was supported by a diverse group of investors, including Draper Associates, Borderless Capital, Ego Death Capital, and Kingsway Capital, who contributed $7.9 million specifically for the Bitcoin exchange. An additional $10 million was raised in a private round to support the launch of RoxomTV. Led by CEO Borja Martel Seward, Roxom Global is assembling a Bitcoin treasury, currently holding approximately 84.7 BTC, with plans to acquire more in the coming weeks. The company aims to leverage this funding to advance its Bitcoin-native financial infrastructure and broadcast network, targeting markets in Latin America, Europe, and Asia, while excluding the U.S. This strategic move positions Roxom Global at the forefront of the growing demand for Bitcoin-only services, potentially reshaping the future of media and finance in the digital age.

Roxom Global has garnered significant attention following its latest funding round. The project attracted $7.9 million from prominent investors including Draper Associates, Borderless Capital, ego death, and Kingsway Capital. Roxom is developing an exchange where trading instruments such as futures, spot markets, and synthetic products are all priced and settled exclusively in Bitcoin. "Our aim is to bring Bitcoin standards to global finance," said CEO Borja Martel Seward, emphasizing Roxom’s commitment to reshaping financial paradigms with a Bitcoin-focused approach. Currently, the Roxom exchange targets Latin America, Europe, Asia, and the Middle East, though it remains inaccessible to U.S.-based users due to regulatory constraints.

Beyond finance, Roxom is making waves in media through RoxomTV, a network entirely backed by Bitcoin. The media venture secured an additional $10 million in private funding, establishing a significant Bitcoin treasury. RoxomTV currently holds 84.72 BTC, acquired at an average price of around $76,300 each. With Bitcoin prices recently hitting $111,000, Roxom plans to further bolster its treasury by adding an additional 30 BTC, which would bring the total value of its holdings to over $12.7 million.

Broadcasting from San Francisco and London, RoxomTV aims to expand its presence significantly by establishing a third hub in Hong Kong by the third quarter. The network streams content across multiple platforms, including X (formerly Twitter), Rumble, Twitch, Kick, and Dlive, with expansion plans for LinkedIn Live, Facebook Live, TikTok, and Instagram. The strategic geographic positioning in key global cities highlights RoxomTV’s goal to tap into diverse markets and demographics, creating an expansive and engaged global audience.

Roxom’s Bitcoin treasury strategy follows the model of prominent companies such as MicroStrategy and Metaplanet. These companies have successfully leveraged Bitcoin reserves to enhance their financial stability and market positioning. Adopting Bitcoin as a treasury asset can significantly influence investor perceptions, showcasing financial confidence and resilience in volatile markets. Roxom’s decision demonstrates a strategic alignment with Bitcoin’s potential to act as a robust store of value.

Roxom Global's move signals a broader trend of integrating Bitcoin deeply into various industries, from finance to media. By committing fully to a Bitcoin treasury, Roxom presents a novel approach that could potentially set a new standard for companies seeking financial stability through cryptocurrency. While the long-term success of Bitcoin-backed media remains to be seen, Roxom’s ambitious global expansion and robust backing suggest a promising start.