COINOTAG reported on August 28, citing Coindesk, that Portal to Bitcoin has closed a $50 million funding round led by Paloma Investments, raising the project’s cumulative financing to $92 million. The transaction enhances the company’s balance sheet and underpins its roadmap to commercialise the BitScaler adapter for institutional deployment.
According to the company, the BitScaler solution is designed to scale native Bitcoin without reliance on wrapped tokens, custodial bridging or message‑passing workarounds. Portal intends to allocate proceeds to expand its grant program and onboard both institutional and community liquidity providers to strengthen on‑chain capacity and market infrastructure.