STOKR Plans to Establish Bitcoin Treasury

Europe-based digital asset marketplace STOKR is set to create one of the EU's first corporate bitcoin treasuries. This initiative will utilize a substantial part of the funding from a recent strategic funding round.

Funding Details

STOKR's latest equity-based funding round, led by Fulgur Ventures, includes 100 BTC (approximately $6.78 million) and €1.2 million in cash, totaling €7.4 million ($7.98 million). In a recent press release, the company indicated plans to follow MicroStrategy's model by significantly increasing its bitcoin treasury over the coming years.

Future Plans

Alongside establishing a bitcoin treasury, STOKR seeks to launch new bitcoin-based tokenized assets and develop infrastructure to facilitate institutional tokenization using native bitcoin Layer 2 technologies like the Liquid Network.

“We recognize the vast potential of asset tokenization on Bitcoin,” said Arnab Naskar, co-CEO of STOKR. “Establishing a Bitcoin treasury is a logical next step for STOKR, as a leading platform for tokenized Bitcoin derivatives.”

Previous Initiatives

Previously, STOKR partnered with bitcoin infrastructure firm Blockstream to launch its tokenized hashrate offering. The company revealed it has managed over $110 million in combined redemptions and investments in 2024 alone.

Regulatory Transitions

STOKR also plans to shift from its current Virtual Asset Service Provider (VASP) status to becoming a regulated Crypto Asset Service Provider (CASP) under Europe’s new MiCA regulatory framework.

A VASP is regulated globally under the Financial Action Task Force, while a CASP status meets the extensive requirements outlined by the EU’s MiCA, according to the crypto law firm Gofaizen & Sherle.