Sirin Labs, a tech startup working to build an open source blockchain smartphone, has announced that the pre-orders for its FINNEY phone have already surpassed 25,000.

The announcement follows a highly successful initial coin offering (ICO) in which Sirin Labs raised $157 million. The company had said at the time that it will use the funds for the development FINNEY devices – the cyber-protected, blockchain-enabled mobile phone and PC.

“We are excited to announce that as of today, through our distribution channels, distributors and the community, our pre-orders for the FINNEY phone have already surpassed 25,000,” Sirin Labs said in a blog post. “As a direct result of this growing demand, we are continuing our global expansion by announcing our plan to open 3 additional brick-and-mortar locations to join our flagship store in London and the previously announced store openings: Turkey, Vietnam, Kazakhstan, Tel Aviv, Berlin, Seoul, New York, Tokyo.”

Furthermore, the company said that “the development for the phone is coming along wonderfully.” In addition, the R&D team has automated the transfer of SRN to ETH, and ETH to SRN. Sirin Labs said it is at the final stages of making the SRN available in the largest marketplaces and will be making the announcement in the next couple of weeks.