US bitcoin and crypto exchange Kraken has raised over $6.5 million in a matter of days as part of a new equity sale, data has revealed.
Kraken Fundraiser Hits $6.55M
According to a fundraising page on BnkToTheFuture, which Kraken is using to gather the funds, investors have already contributed €5.87 million ($6.55 million) of the total €9.13 million ($10.2 million) target.
In doing so, Kraken has thus passed its minimum threshold of €5,552,073 as of May 21.
“We are always looking for ways to democratize access to our equity, allowing more of our valued clients to become valued investors,” officials commented on social media.
“To that end, we partnered with (BnkToTheFuture) to create an opportunity to invest in Kraken[.]”
CEO Jesse Powell, who was responsible for the BnkToTheFuture pitch, described Kraken as one of the top 5 exchange platforms worldwide for “legitimate” volume, with a client base of around 4 million.
Its trade volume in 2018 – a bearish year for cryptocurrency overall – totalled $85…