JAN3, the team behind the popular Bitcoin wallet AQUA, has raised $5 million in seed funding to enhance the development of its Bitcoin-focused superapp.
The funding round, announced on January 3, coinciding with Bitcoin’s Genesis Block anniversary, was led by Fulgur Ventures and included participation from Tether, Grupo Salinas, Lightning Ventures, East Ventures, and others.
This follows a $620,000 pre-seed round secured in early 2023.
AQUA Bridges Bitcoin Savings and USDT Spending
According to Tether CEO Paolo Ardoino, AQUA has struck a strong product-market fit by combining Bitcoin saving with the convenience of spending in Tether’s stablecoin (USDT).
“Tether is excited to support the work JAN3 is doing to advance financial freedom around the world. JAN3's AQUA wallet has found excellent product-market fit by offering the perfect balance of saving in Bitcoin with spending in USDt.”
In line with its growth strategy, JAN3 plans to allocate $1 million from the funds to establish a Bitcoin treasury, acquiring 12 BTC at an average price of $83,333 per coin.
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