Market Cap: $3.1646T -1.730%
Volume(24h): $132.6571B 40.230%
  • Market Cap: $3.1646T -1.730%
  • Volume(24h): $132.6571B 40.230%
  • Fear & Greed Index:
  • Market Cap: $3.1646T -1.730%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$96418.721981 USD

-2.05%

ethereum
ethereum

$2687.739314 USD

-2.74%

xrp
xrp

$2.588011 USD

-3.00%

tether
tether

$0.999825 USD

-0.04%

bnb
bnb

$656.326573 USD

0.40%

solana
solana

$171.386564 USD

-2.54%

usd-coin
usd-coin

$1.000043 USD

0.01%

dogecoin
dogecoin

$0.244077 USD

-3.80%

cardano
cardano

$0.767310 USD

-3.77%

tron
tron

$0.237868 USD

-4.90%

chainlink
chainlink

$17.505561 USD

-4.59%

sui
sui

$3.344930 USD

-4.57%

avalanche
avalanche

$24.939290 USD

-1.00%

stellar
stellar

$0.327623 USD

-3.46%

litecoin
litecoin

$129.677981 USD

-3.20%

Cryptocurrency News Articles

AcreBTC Raises $4M to Expand Bitcoin Compounding Services, Unveils Public dApp Launch

Feb 22, 2025 at 02:28 am

AcreBTC, a pioneering Bitcoin platform, revealed today via a Twitter post the successful closure of a $4 million strategic funding round, elevating its valuation to $90 million.

Acre, a pioneering Bitcoin platform, today announced the successful closure of a $4 million strategic funding round, elevating its valuation to $90 million. It also marks the public launch of its decentralized application (dapp) to provide a seamless way for its users to compound their BTC holdings.

While AcreBTC began offering Bitcoin staking services on July 25, 2024, it did so through a partnership with Xverse that enabled users to stake their BTC directly from the Bitcoin mainnet through the Xverse wallet. Now, the launch of its own dApp will expand access to its Bitcoin-native compounding services.

The $4 million investment underscores the growing confidence in Acre’s mission to provide Bitcoin holders with secure, native compounding opportunities while bolstering decentralized networks’ economic security.

The funding round featured participation from prominent investors, including Draper Dragon, Big Brain Holdings, and Orange DAO. Moreover, key angel investors from Threshold Network, Lido, EigenLayer, Wormhole, BoB, Thesis, VVV, and Quantstamp contributed, showcasing a broad spectrum of support from the decentralized finance (DeFi) community.

The capital infusion will be utilized for enhancing Acre’s ecosystem, supporting projects building on its platform, and ensuring the protocol’s long-term sustainability as it progresses toward mainnet rewards.

“Acre is delivering exactly what the DeFi ecosystem needs—simple, secure solutions that make it easy for holders to put their BTC to work,” said Jakov Buratović, contributor to Lido DAO. “Their focus on user-friendly, Bitcoin-native tools aligns perfectly with my personal mission to support projects that drive real, sustainable growth in decentralized finance.”

Acre is breaking new ground for Bitcoin holders: $4M raised at a $90M FDV, $100M+ TVL, and now open access to its dApp. Acre is the first platform designed to help Bitcoin holders securely compound their BTC while maintaining full control.

Read more from @Yogita_Khatri5 via… https://t.co/l9pCHDvc8x

— AcreBTC (@AcreBTC) February 20, 2025

What it means for BTC Holders

Acre’s platform addresses a significant gap in the market by offering a Bitcoin-in, Bitcoin-out model, simplifying the compounding process for BTC holders. With over $100 million in Total Value Locked (TVL), Acre will now enable its users to deposit Bitcoin and engage with its decentralized application (dApp) to earn compounded returns directly in BTC. This approach eliminates the need for intermediaries, allowing users to maintain full control over their assets.

Further, with the received funding, Acre aims to enhance such Bitcoin-native compounding features so that BTC staking can be made more accessible. It also further aims to integrate additional decentralized insurance for protection of users’ funds while working on its protocol security.

Does it signal growth for Bitcoin Compounding?

Since the launch of its gated mainnet, Acre’s community has experienced substantial growth, expanding from 6,000 to over 36,000 active members since September 2024. This vibrant community has generated over 8 million engagement points and hosted more than 42 community-led events, highlighting the increasing demand for Bitcoin-native solutions that prioritize user control and transparency.

By connecting Bitcoin to decentralized protocols like lending, insurance, and Bitcoin layer 2 networks, Acre creates a seamless way for users to compound their Bitcoin without complexity or the risk from centralized custodians.

Looking ahead, Acre plans to integrate with Layer 2 networks, decentralized insurance protocols, and other emerging DeFi applications. These developments aim to expand opportunities for Bitcoin holders to participate in decentralized ecosystems while adhering to core principles of financial sovereignty.

Thus, the launch of Acre’s dApp can make BTC compounding easier, safer, and more rewarding, while reducing reliance on centralized services. This can also attract more BTC holders to staking, further integrating Bitcoin into the DeFi landscape

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Feb 22, 2025