Tether has participated in a $5 million seed round for Bitcoin technology company JAN3, as reported by PANews on January 4. The financing round was led by Fulgur Ventures and included contributions from Grupo Salinas, Lightning Ventures, East Ventures, Plan B Fund, Bitcoin Opportunity Fund, and NYDIG. JAN3 plans to use $1 million of the funds to establish a Bitcoin vault, purchasing 12 BTC at an average cost of $83,333.33 per BTC.

USDT

PANews reported on January 4 that stablecoin issuer Tether forwarded financing information on the X platform, showing that Bitcoin technology company JAN3 has completed a $5 million seed round of financing, led by Fulgur Ventures, with participation from Grupo Salinas, Tether, Lightning Ventures, East Ventures, Plan B Fund, Bitcoin Opportunity Fund and NYDIG. As part of the current seed financing, JAN will allocate $1 million in funds to build a Bitcoin vault, including 12 BTC, with an average cost of $83,333.33 per BTC.

Tether Joins $5 Million Seed Round for Bitcoin Tech Firm JAN3