Bitstamp Seeks $1.2 Million on Online Investment Platform BnkToTheFuture

Bitstamp, one of the few fully-licensed bitcoin exchanges in Europe, has launched an investment campaign on BnkToTheFuture platform. The Luxembourg-regulated exchange is looking to raise about $1.2 million from investors, “we are looking for USD 1.2M of investment in return for 2% of equity, which puts the pre-money valuation at USD 60M,” explains Vasja Zupan, Chief Operating Officer at Bitstamp.

Bitstamp initial investors and staff, including Vasja Zupan and CEO Nejc Kodric, currently hold approximately 138,345 shares. The fundraising campaign will add an additional 2767 shares at an initial price of $433.70 per share, assuming the entire 2 percent of equity on offer is absorbed by investors within the next fifty days. Investors who commit less than $10,000 will receive Class B shares, while investors above this threshold get Class A shares, which carry voting weight and several other benefits such as Drag Along Rights.

At press time, the Bitstamp campaign has raised $156,175 from 51 backers. According to statements by Vasja Zupan made on the BnkToTheFuture forum, Bitstamp doesn’t intend to make the shares tradable:
“As yet, we have no plans to make these shares tokenised and tradable on our exchange.”

The 38-employee Bitstamp is one of the few bitcoin exchanges that has showed a steady growth of active traders over the past 5 years.

While the pitch offers plenty of details on the existing shareholder structure of Bitstamp, specifics are lacking on how the new funds will be used to make the exchange more profitable.