--- title: "HoneyB developer Nectar Group raises $5 million seed round at $30 million valuation" description: "Nectar Group, the developer of the bitcoin income platform HoneyB, has raised $5 million in a seed funding round, according to The Block. The publisher reported that the round valued the company at $30 million. The report did not name the investors or say how the new capital will be used. Reported…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-yield-platform-honeyb-developer-5a35b61ac7d845" published: 2026-10-20T17:12:57.000Z updated: 2026-10-21T17:12:59.000Z indexable: false --- # HoneyB developer Nectar Group raises $5 million seed round at $30 million valuation Nectar Group, the developer of the bitcoin income platform HoneyB, has raised $5 million in a seed funding round, according to The Block. The publisher reported that the round valued the company at $30 million. The report did not name the investors or say how the new capital will be used. Reported… Attributed sources: [The Block]() ## Key facts Nectar Group, the developer of the bitcoin income platform HoneyB, has raised $5 million in a seed funding round, according to The Block. The publisher reported that the round valued the company at $30 million. The report did not name the investors or say how the new capital will be used. Evidence strength: Single source, 1 publisher group(s) (The Block); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: -0.03% (20/10/2026, 17:12 → 20/10/2026, 17:17, UTC; Gate · USDT); 1 hour: -0.11% (20/10/2026, 17:12 → 20/10/2026, 18:12, UTC; Gate · USDT); 24 hours: +1.94% (20/10/2026, 17:12 → 21/10/2026, 17:12, UTC; Gate · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 20/10/2026, 17:12, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.03% | -0.03% | 0.00 pp | 20/10/2026, 17:12 → 20/10/2026, 17:17 | Gate · USDT | | 1 hour | -0.11% | -0.11% | 0.00 pp | 20/10/2026, 17:12 → 20/10/2026, 18:12 | Gate · USDT | | 24 hours | +1.94% | +1.94% | 0.00 pp | 20/10/2026, 17:12 → 21/10/2026, 17:12 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 20/10/2026, 17:12 | ## Claims and open questions - The Block reported that Nectar Group raised $5 million in a seed funding round. - The Block reported that the round valued Nectar Group at $30 million. - The Block reported that Nectar Group develops the bitcoin income platform HoneyB. - Which investors participated in the $5 million seed round, and how much each contributed, would need a company statement or filing. - How HoneyB plans to use the new capital has not been disclosed and would need an official announcement from Nectar Group. - Whether the $30 million valuation is post-money and how it was set would need confirmation from the company or its backers. ## Source evidence - [Bitcoin yield platform HoneyB developer raises $5 million at $30 million valuation]() — The Block; published 20/10/2026, 17:11; received 20/10/2026, 17:12 (UTC). ## Recent BTC events and market reactions - [US spot bitcoin ETFs post $635.6 million single-day outflow, largest in October]() — Published 23/10/2026, 07:09 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m -0.02% / 1h +0.13% - [Bitcoin Core merges security policy change for AI-discoverable bugs]() — Published 23/10/2026, 04:34 (UTC) · Multiple publishers (2 publishers) · General news · 5m -0.02% / 1h +0.15% - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bitcoin DCA vs lump sum: every start month since 2014]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.