Boarding PassBitStock raises additional $400,000 for its crypto investment platform, totaling $1 million investment
Boarding Pass
BitStock raises additional $400,000 for its crypto investment platform, totaling $1 million investment
The company helps people invest in the top 10 cryptocurrencies in the market with a proprietary algorithm to track and weigh them into a single index.
“About 7 years ago, when he entered the world of crypto, [Yosi] identified that there were many cryptocurrencies traded on crypto exchanges, but there was no cryptocurrency that functioned as an ETF of leading cryptocurrencies,” said BitStock. “This led him to develop a currency that would function similarly to an ETF on the 10 largest cryptocurrencies by market cap.”
The company has raised $400,000 to help people invest in the top 10 cryptocurrencies in the market. It uses a proprietary algorithm to track and weigh the leading cryptocurrencies into a single index, ensuring real-time backing through the continuous purchase of these assets.
“This guarantees transparency, reliability, and accurate market representation, making crypto investing as straightforward as trading stocks or ETFs,” the company says.
You can learn more about BitStock and TBC below.
Company Name: BitStock
Sector: Fintech
Product/Service description:
BitStock revolutionizes cryptocurrency trading by introducing TBC (Ten Best Coins) — a unique, ETF-like digital currency that mirrors the performance of the top 10 largest cryptocurrencies. Our innovative platform combines the simplicity of traditional capital market ETFs with the dynamic world of crypto, offering a user-friendly solution for investors of all levels.
Powered by a proprietary algorithm, TBC tracks and weighs the leading cryptocurrencies into a single index, ensuring real-time backing through the continuous purchase of these assets. This guarantees transparency, reliability, and accurate market representation, making crypto investing as straightforward as trading stocks or ETFs.
Since its listing on the crypto exchange in late 2022, TBC has delivered impressive returns of over 600%, demonstrating its strength as a reliable and profitable investment vehicle for those seeking exposure to the growing crypto market.
With BitStock, users gain diversified exposure to the crypto market without the complexities of managing multiple wallets or individual coins. Whether you’re a seasoned investor or new to crypto, TBC empowers you to capitalize on market performance with ease, confidence, and efficiency.
Founder Bios:
Yosi Sabag, CEO: Holds a bachelor‘s degree in business administration from Toro College and previously served as a banker at Mizrahi Tefahot Bank. With over twenty years of experience in capital markets trading, his expertise encompasses the development of diversified trading strategies, risk arbitrage, futures contracts, stock weighting within indices, and more.
In 2020, Yosi identified a growing demand within the crypto market for an efficient financial instrument enabling the purchase of a leading currency basket, prompting him to establish the Ten Best Coins (TBC) project.
Year of Founding: 2024
Last Investment Round: $400,000
Last Investment Stage: Seed
Date of Last Investment: January 2025
Total investment to date: $400,000
Investors: Angel investors + founders
Current number of employees: 9
Open positions: N/A
How was the idea born?
Yosi, the founder of the company, has over 20 years of experience in capital markets, including managing a hedge fund. About 7 years ago, when he entered the world of crypto, he identified that there were many cryptocurrencies traded on crypto exchanges, but there was no cryptocurrency that functioned as an ETF of leading cryptocurrencies. This led him to develop a currency that would function similarly to an ETF on the 10 largest cryptocurrencies by market cap.
What is the need for the product?
TBC addresses the need of investors who want to diversify their investment portfolio with cryptocurrencies but do not want or cannot track each currency individually. Similar to ETFs in traditional markets, TBC allows investors to invest simply and efficiently in the top ten cryptocurrencies in the market.
How is it changing the market?
TBC changes the market by providing an innovative solution for investors who want to be exposed to cryptocurrencies in a balanced and diversified manner. It simplifies the investment process and reduces the risk associated with investing in individual cryptocurrencies.
How big is the market for the product and who are its main customers?
The crypto market is dynamic and operates 24/7, allowing trading at any time and any day of the week. Trading volumes in the crypto market can be very high, especially during periods of high volatility or significant market events. For example, daily trading volumes exceed $100 billion. The main customers of TBC are private and institutional investors looking for new ways to diversify their investment portfolio and reduce risk.
Does the product exist already? If not - at what stage is it and when is it expected to hit the market?
TBC is already available and has been traded on two crypto exchanges since the end of 2022. We continue to work on improvements and updates as well as listing TBC on major crypto exchanges.
Who are the main competitors in this sector and how big are they?
In this sector, there are several main competitors, including platforms that allow trading in a basket of cryptocurrencies as well as funds in traditional markets that track a basket of currencies. However, TBC is unique in that it functions as a digital currency that mimics the top 10 cryptocurrencies.
What is the added value that the founders bring to the company and the product?
The founders bring significant added value thanks to their extensive knowledge and experience in the fields of crypto, finance, and technology, which allows the company to develop a high-quality product tailored to the needs of investors.
What will the money coming in from the round be used for?
Marketing and sales, R&D, and operations.
In the "Startup Boarding Pass" section, CTech will cover the (relatively) small investments made in companies during the early stages of their existence - and the entrepreneurs and startups who have not yet had the opportunity to reveal their stories to the world. Please use the linked form and fill it out according to the guidelines. This form is intended for startups raising between $500,000 and $3 million from venture capital funds, angels, or official grants from Israeli and foreign institutions. If relevant, someone at CTech will be in touch for follow-up questions.
