COINOTAG News reported on December 26 that the Bitcoin investment platform Relai has augmented its BTC holdings by an impressive 13 coins. This growth follows Relai’s recent $12 million Series A funding round, disclosed on December 10. The funding was spearheaded by Ego Death Capital, a venture capital fund specializing in Bitcoin, contributing $4 million to the initiative. Additional financiers such as the Plan B Bitcoin Fund, Timechain, and Solit Group also participated in the round.
This Series A funding employed a “common equity” structure, maintaining consistency with Relai’s earlier financing efforts. As a result of this influx, the total funding raised by Relai has reached approximately $20 million. Furthermore, the company’s valuation soared from $60 million pre-funding to $72 million post-funding, underscoring its robust position in the crypto investment landscape.