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Castle<\/a>, a bitcoin treasury platform for small and medium-sized businesses (SMBs), announced it has raised $1 million in an oversubscribed pre-seed round to expand bitcoin<\/a> access for businesses, per a press release sent to Bitcoin Magazine. The round was led by Boost VC, with backing from Winklevoss Capital, Park Rangers Capital, Epoch VC, and other angel investors.<\/p>\n \u201cMost savings products used by small and medium businesses, despite being framed as high-yield, actually lose money after accounting for inflation. Business owners are waking up to this and deserve better,\u201d stated the CEO of Castle, Stephen Cole. \u201cBitcoin, with its strictly limited supply, has been the best performing asset of the past decade and we\u2019re excited to bring it to companies across America.\u201d<\/p>\n The funding will be used to accelerate Castle\u2019s rollout of its automated bitcoin treasury solution, which integrates with tools like QuickBooks, PayPal, Square, and Stripe to help SMBs protect their wealth from inflation by automatically converting portions of revenue into bitcoin.<\/p>\n \u201cBy integrating with tools like QuickBooks, PayPal, Square, and Stripe, our platform gives businesses intelligent bitcoin exposure aligned with their operational requirements,\u201d CTO Jo\u00e3o Almeida said. \u201cCastle is built to be invisible so owners can focus on what they do best and know their bitcoin treasury<\/a> will look the way they want.\u201d<\/p>\n Castle also offers strategy options ranging from conservative to aggressive, allowing businesses to align their bitcoin allocations with their risk tolerance. Current customers include companies across sectors such as restaurants, fitness, accounting, e-commerce, SaaS, real estate, and fine art.<\/p>\n \u201cWe see bitcoin as the world\u2019s most powerful savings technology, and Castle is making it easy and accessible for small and medium businesses,\u201d stated the Managing Partner of Boost VC Brayton Williams. \u201cThe founders are veteran bitcoiners and tech leaders, combining a rare sense of mission and execution ability, and Boost VC is excited to support them.\u201d<\/p>\n Castle\u2019s platform includes automated recurring bitcoin allocations based on fixed amounts or revenue percentages, cash thresholds that trigger automatic purchases or sales to maintain liquidity, and settings to define minimum and maximum bitcoin exposure.<\/p>\n \u201cBitcoin is the ultimate store of value,\u201d said the Founders of Winklevoss Capital Cameron and Tyler Winklevoss. \u201cUnlike fiat, it protects the value of your life\u2019s work. Castle lives up to its name by helping businesses safeguard their balance sheet by automatically converting a portion of every sale into bitcoin.\u201d<\/p>\n<\/div>\n