Roxom Global Raises $17.9M: Is Bitcoin-Backed Media the Future?

Could Bitcoin-backed media revolutionize the way we consume financial news? Roxom Global certainly believes so. Having recently raised $17.9 million, Roxom Global is preparing a BTC-denominated securities exchange and launching RoxomTV, a 24-hour media network fully supported by Bitcoin.

Roxom Global: Bridging Bitcoin and Finance

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.

RoxomTV: A Bitcoin-Funded Media Network

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.

Expanding Global Reach

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 BTC Treasury: Following a Proven Model?

Roxom’s Bitcoin treasury strategy follows the model of prominent companies such as MicroStrategy (MSTR) and Metaplanet (3350). 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.

Opinion and Final Thoughts

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.

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