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Bitcoin Suisse Completes a $48 Million Series A Financing Round

Swiss crypto financial services provider, Bitcoin Suisse completes its first financing round of $ 48 million (CHF 45 million). The completed Series A financing round now has Bitcoin Suisse’s 2019 pro forma equity totaling around $108 million. The financing round includes 16.4% of shares of BTCS Holding AG, consisting of 6.4% treasury shares and 10% newly issued shares. The authorized capital for the fully subscribed 10% capital increase was created at the extraordinary general assembly on June 30, 2020. Based on terms of the financing deal, Bitcoin Suisse is now valued at approximately $326 million. In a statement, Niklas Nikolajsen,…

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South African Exchange Valr Raises $3.4 Million in a Series A Funding Round

A South Africa based cryptocurrency exchange, Valr has just raised $3.4 million in a Series A funding round led by 100x Group, the parent company to Bitmex. The funding round, in which 4Di Capital also participated, however, does not change Valr’s controlling shareholder structure. In a podcast with SA Crypto, Valr CEO, Farzam Ehsani explains the significance of getting the funding at a time when investor mood has been dampened by the effects of the global pandemic, Covid-19. A statement by Ehsani is touting the addition of 100X Group, the recently rebranded parent organisation of Bitmex, to Valr’s distinguished shareholder…

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