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News

Swiss Company Relai Celebrates Christmas with $1.24M Bitcoin Purchase

11 hours ago - Around 2 mins mins to read

Key Points:

  • Swiss company Relai purchased 13 BTC (worth $1.24 million) for Christmas.
  • Founded in 2020, Relai offers a self-custodial Bitcoin trading app with over 400,000 downloads and emphasizes user control over funds.
During this holiday season, Swiss company Relai went big with the purchase of 13 Bitcoins, worth some $1.24 million, to mark Christmas.
Swiss Company Relai Celebrates Christmas with $1.24M Bitcoin Purchase

Read more: KULR Technology Acquires $21M in Bitcoin as Part of Treasury Strategy

Swiss Company Relai Buys $1.24 Million in Bitcoin

Headquartered in Zurich, the company has been in the news lately for its easy-to-use Bitcoin trading app, taking centre stage for its unique approach toward self-custody and determination to help users self-manage their crypto assets.

Relai has just closed a Series A funding round, raising $4 million. Ego Death Capital, a Bitcoin-only venture capital firm, led the round with participation from Plan B Bitcoin Fund, Timechain, and Solit Group.

The new funds will be used to expand across Europe and obtain licensing under the new MiCA regulatory framework. Bitcoin now changes hands at $96,124, which means a drop of 2.3% from the price a day earlier.

Relai Named Among Europe’s Fastest-Growing Startups in 2024

Founded in 2020 by Julian Liniger and Adem Bilican, Swiss company Relai has seen rapid growth to date, with over 400,000 downloads. The app allows users to buy and sell Bitcoin quickly and easily without registration or deposits.

Relai also provides very personalized support in large Bitcoin transactions and guides them always through their relationship managers. The corporation is very proud of its “seamless, intuitive experience,” including access to exclusive content, webinars, and in-depth education.

Operating as a Swiss-licensed financial service provider, Relai has reached a trading volume of over $500 million and was listed among the fastest-growing startups in Europe in 2024. The platform is further being recognized as one of the top 50 startups in Switzerland.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.