OKX Founder Says $25 Billion Fundraising Is for Strategic Partnerships, Not Capital Needs
JH Kim
Summary
- OKX founder Star Xu said the company’s $25 billion fundraising is aimed at building strategic partnerships rather than raising capital.
- Cointelegraph reported that Xu said OKX’s fundraising is intended to align strategic interests, not to meet a need for capital.
- He emphasized that the core of the fundraising is not simple capital expansion, but strategic cooperation with investors.
Forecast Trend Report by Period
Star Xu, founder of cryptocurrency exchange OKX, said the company’s planned $25 billion fundraising is aimed at forging strategic partnerships rather than meeting capital needs.
Cointelegraph reported on Oct. 6 that Xu said the fundraising push was not driven by a need for capital, but by an effort to align strategic interests.
He emphasized that the core purpose of the fundraising is not simply to bolster capital, but to build strategic cooperation with investors.
OKX’s planned fundraising totals $25 billion.
JH Kim
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