Luxembourg-based security token offering investment platform STOKR has raised $7.99 million for its Bitcoin (BTC) treasury project. According to an Oct. 24 press release, STOKR concluded a €7.4 million ($7.99 million) funding round led by Fulgur Ventures. The development was announced during the Plan ₿ event in Lugano, Switzerland. A European Bitcoin treasury Per the announcement, “a significant portion of the funds will be used to establish one of Europe’s first corporate Bitcoin treasuries.” STOKR raised 100 Bitcoin (worth $6.78 million) and €1.2 million in cash (worth nearly $1.3 million). STOKR intends to use the funds to develop new Bitcoin-related tokenized assets for the market and create the infrastructure for institutions to issue securities on Bitcoin-based layer-two technologies.