Relai Boosts Bitcoin Holdings by 13 Coins After $12 Million Funding Round Led by Ego Death Capital

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.