PANews reported on March 11 that according to The Block, StarkWare announced that it has established a "strategic Bitcoin reserve" and is holding more and more funds in its treasury in the form of BTC. Although the company has not yet disclosed the specific amount of Bitcoin it holds or plans to acquire, Bitcoin is still a key part of its operating strategy, and StarkWare calls itself a company "based on Bitcoin."
In addition to the Bitcoin reserve, StarkWare also announced three plans on Tuesday to unify the further development of Bitcoin and Ethereum. First, Xverse, a Bitcoin wallet that supports Ordinals, Runes, BRC-20 tokens, Bitcoin second-layer Stacks, and Rare Sats, will be integrated into Starknet, enabling the use of Bitcoin assets on the network for the first time. Second, the Starknet Foundation will launch the "BTCFi Season" program, which aims to provide income opportunities for Bitcoin through Starknet. The program aims to activate idle BTC and introduce DeFi use cases on Starknet to Bitcoin holders. Third, the Braavos wallet on Starknet now supports one-click payments through the Bitcoin Lightning Network, improving the speed and efficiency of Bitcoin transactions in the Starknet ecosystem.
In the coming months, Starknet plans to launch new Bitcoin-related products, incentives, and partnerships, including collaborations with wallet providers and researchers, the launch of retail products to promote adoption, and continued research to enhance Bitcoin’s scalability through STARK proofs.
