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Bit Digital, Inc. Announces Strategic Investment In Auros Global Limited

Mar 24, 2023over 2 years ago
New YorkCryptocurrencyBlockchain

Investors

Bit Digital, Inc.

Description

Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, is pleased to announce a strategic investment in Auros Global Limited ("Auros"). Auros is a leading crypto-native algorithmic trading and market making firm that delivers best-in-class liquidity for exchanges and token projects. This strategic investment advances Bit Digital's goal to maximize risk-adjusted returns of its digital assets, while protecting its business against operational and treasury risks to ensure healthy and consistent cash flows

Company Information

Company

Auros

Location

New York, United States

About

Auros is an algorithmic trading and market making firm that delivers best-in-class liquidity for exchanges and token projects. Founded in 2019, we account for a significant proportion of global cryptocurrency volume. Combining the technological innovation that powers our high frequency trading strategies with a unique partnership based approach, Auros is redefining liquidity provision and sustainable growth in the digital assets space

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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