🚀 Swan, a Bitcoin finance company, has decided to expand its services and move into institutional products like Bitcoin-backed loans! They raised $40 million in funding in 2023 and raised an additional $125 million in venture capital and private equity investments. A total of $165 million! 💰

📈 Founder Cory Klippsten said Swan plans to raise another $150 million in 2024. With other institutional products like advisory services and investor asset management, Swan’s revenue streams are expanding rapidly. Klippsten said Swan generated $125 million in annual revenue in November and expects to surpass $200 million in the first quarter of next year. 📊