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Starknet Creator Establishing Its Own 'Strategic Bitcoin Reserve'

The reserve is part of StarkWare's efforts to serve as a link between ETH and BTC ecosystems.

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StarkWare has established a 'Strategic Bitcoin Bitcoin Reserve,' positioning itself as a 'Bitcoin-standard' company. In a bid to unify Bitcoin and Ethereum, Starknet Starknet plans include various developments such as wallet integrations and new programs to engage bitcoin holders in DeFi on Starknet.

What’s the Scoop?

  • Strategic Bitcoin Reserve: StarkWare establishes a 'Strategic Bitcoin Reserve,' holding a growing portion of its treasury in BTC as part of its operational strategy.
  • Integration with Starknet: Xverse, a Bitcoin wallet, is integrating with Starknet to facilitate the use of Bitcoin assets within the network.
  • BTCFi Season: Starknet introduces 'BTCFi Season,' a program designed to offer yield opportunities on Bitcoin by introducing holders to DeFi use cases.

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