Bitstocks, a UK-based bitcoin market advisory and cryptocurrency investment firm, has successfully secured nearly £875,000 through its equity crowdfunding campaign on Crowdcube. The funding round launched last month and quickly secured its initial £500,000 funding target. More than 1290 Crowdcube investors have invested in the round.
As previously reported, Bitstocks stated that while it serves as an investment house for retail bitcoin investors, its core purpose and focus is to be an education house.
“To provide clear and unrivalled education in the space; to demystify the complex nature of blockchain technology and offer insight into the financial and philosophical value held within its blueprint. This ethos of education remains a key tenet of who we are and what we do. But as our understanding of the boundless, untapped potential of Bitcoin has developed and deepened, so too has our market offering.”
Bitstock is also developing an app-based banking experience; which will go on to include savings & loans – built entirely on the blockchain.
“Why use blockchain? Proof of solvency at the touch of a button, the ability to transact in micropayments & online payments with the privacy of cash – we want to bring you the benefits of Bitcoin in a Personal Account format that’s simple and accessible.”
Bitstocks product Gravity currently offers BSV, BTC, GBP, and EUR pairings, with investment accounts for customers to buy, sell, and store Bitcoin. This custom-built system is our foundation – it’s the infrastructure to support our concept for a transparent banking system. In regards to what the Crowdcube campaign’s funds will be used for, Bitstock added:
“Your investment will help us scale & develop the next phase of Gravity, including our distinctive solvency & transparency feature, a stablecoin to enable tokenised global micropayments and Personal Accounts, debit cards, savings and loans.”
Bitstock is now offering 2.01% in equity at a £36 million through the investment round, which will close on February 8th.
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