European digital asset platform STOKR raises $7.98 million in funding, led by Fulgur Ventures

According to The Block, European digital asset platform STOKR has raised $7.98 million in funding and plans to use most of the funds to establish one of the first enterprise Bitcoin reserves in Europe. This round of financing is led by Fulgur Ventures and includes 100 bitcoins (approximately $6.78 million) and 1.2 million euros in cash (a total of 7.4 million euros). STOKR stated that it will follow MicroStrategy's strategy and actively expand its Bitcoin reserve pool in the coming years. In addition, the company plans to launch tokenized assets based on Bitcoin and develop institutional tokenization infrastructure on native Bitcoin Layer 2 technologies such as Liquid Network. STOKR's co CEO Arnab Naskar stated that establishing a Bitcoin reserve is an important step for the platform's development in the tokenization of Bitcoin derivatives.