Portal to Bitcoin funding has raised $50 million in a new funding round, backed by major investors including OKX Ventures, Arrington Capital, Paloma Investments, Gate Ventures, and Coinbase Ventures. With this latest commitment, total backing for the project has now reached $92 million, highlighting growing institutional confidence. The team shared the funding details over X (formerly Twitter).
Source: X
The project says its goal is to bring “every significant global financial market onto BTC with zero custodial risk.” Its infrastructure is designed to be web-scale, serverless, and peer-to-peer, aiming to accelerate the path toward hyperbitcoinization.
Alongside the Portal to Bitcoin funding announcement, the team revealed the official listing date. The token, PTB, will launch on Binance Alpha and Binance Futures on September 3, 2025.
Source: X
According to Binance, spot trading for PTB will open at 12:00 UTC, followed by futures trading at 12:30 UTC. Eligible users can also claim a Portal to Bitcoin airdrop via Binance Alpha Points once trading begins. Further details about the token airdrop will be shared by the exchange. With five days to go, additional exchange names may also be added to the listing pool.
The project has shared detailed information on PTB tokenomics. It has a total supply of 8.4 billion tokens, though no circulating supply has been confirmed yet.
As part of community rewards, 2.6% (220 million tokens) will be distributed in the PTB airdrop. The release will follow a structured vesting schedule: 33% at TGE, 33% after three months, and the remaining 33% after six months.
The broader allocation is distributed across:
Source: Whitepaper
Shareholders – 29.8%
LP Rewards – 24.3%
Foundation – 11.4%
Validator Rewards – 11.2%
Ecosystem Development – 10.2%
Liquidity – 8.1%
Airdrop – 2.6%
Lite Nodes Rewards – 1.9%
KOL + Advisors – 0.5%
The rationale behind this allocation is to strike a harmony for investor ownership, motivate liquidity and validator support, while also promoting the growth of the ecosystem over the long term.
The team says this is still “Day Zero.” Following the token listing date, the roadmap focuses on expanding its ecosystem with liquidity rewards, validator incentives, and stronger developer adoption.
The project highlights its commitment to eliminating custodians, bridges, and counterparty risks. The goal is to enable the use of Bitcoin fully and easily without compromising ownership. The coming months will be decisive in determining if PTB can deliver on its vision of fostering financial self-sovereignty through BTC, especially with the renewed funding and exchange support received.
Disclaimer: This is for educational purposes only. Always do your own research before any crypto investment.
Deepmala Upadhyay is an experienced crypto journalist, content strategist, and News writer with over 5 years of expertise in writing and the crypto industry. Holding a Bachelor's Degree in Computer Science and a deep understanding of blockchain technology and financial markets, she excels in delivering exclusive news, in-depth research blogs, and expertly crafted on-page SEO content. As a team lead and content writer at CoinGabbar, Deepmala is responsible for analyzing blockchain technologies, cryptocurrency, price movements, and the crypto market with precision and insight. Her keen ability to create well-researched, impactful content, combined with her expertise in market analysis, makes her a trusted voice in the crypto space.