Bitcoin ecosystem project MemeBitcoin has completed an $8 million funding round, with participation from Gemhead Capital, Mayer Venture, M2M Capital and Archer Capital, according to the project update cited in the source material. The company said the proceeds will be used for the whitelist early-access stage of its token, MBTC. MemeBitcoin says its work centers on risks created by advances such as quantum computing and cryptocurrency hacking. It also frames its mission around uncertainty tied to 1,096,361 BTC that remain dormant in wallets whose public keys were exposed during the Satoshi era. The update did not disclose additional terms for the financing, including valuation, round structure, or timing beyond the published source timestamp.
Bitcoin ecosystem project MemeBitcoin has completed an $8 million funding round, with Gemhead Capital, Mayer Venture, M2M Capital and Archer Capital listed among the participants.
The project said the capital will be used for the whitelist early-access phase of its MBTC token.
MemeBitcoin said it focuses on risks tied to technological advances, including quantum computing and cryptocurrency hacks. It said the effort is aimed at addressing future uncertainty surrounding 1,096,361 BTC that remain dormant in wallets whose public keys were exposed during the Satoshi era.
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