Urgent.News

What's breaking now, across thousands of outlets.

Tech

MemeBitcoin Raises $8M Strategic Round to Scale Its Public Race Toward Satoshi's Wallet

Gemhead Capital, Archer Capital, M2M Capital and Mayer Venture back the round as MBTC passes 2.4 million wallet decryption attempts

MemeBitcoin Raises $8M Strategic Round to Scale Its Public Race Toward Satoshi's Wallet

MemeBitcoin (MBTC), a Bitcoin-native project that turns the race to access Satoshi's wallet into a participatory community effort, has successfully raised $8 million in a strategic funding round. The capital was led by Gemhead Capital, Archer Capital, M2M Capital, and Mayer Venture, and will be utilized to fund MBTC's next phase of growth, including a global community campaign, public launch, and preparation for exchange listings.

The project's mission is two-fold: to generate enough public pressure to ensure the safe movement of Satoshi-era coins before quantum hardware matures and, if that doesn't happen, to be the first to decrypt the wallet using the collective effort of its community. As of late August 2026, MBTC had accumulated an impressive set of key metrics, including a total of 23,700 users, 18,350 daily active users, a 92% social and game completion rate, an 85% registered user retention rate, 2.4 million decryption attempts on Satoshi's wallet, over 200 collaboration requests from various projects, and engagement from more than 100 global key opinion leaders (KOLs).

MBTC's founder, Rodney Uesaka, emphasized the importance of engaging ordinary people in protecting Satoshi-era Bitcoin, stating that the community that has formed around the project is its most significant asset. The recent funding round will enable MBTC to provide its users with a better platform and push the conversation about safeguarding Satoshi-era Bitcoin across the industry.

Written by urgent.news from HackerNoon's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at hackernoon.com →

More in Tech

Generating test cases is the easy part

There is a ceiling on your test coverage and it is not technical. Running tests has been a solved problem for a long time. Runners are fast, parallelism is cheap, CI is a commodity.

More from Wednesday 2 September →