StarkWare has established a Strategic Bitcoin Reserve, committing to holding a rising share of its treasury in BTC as a part of its broader push to combine the flagship crypto into its Starknet Layer 2 community.
Whereas it has not disclosed the scale of its holdings, CEO Eli Ben-Sasson mentioned the corporate is main by instance, believing that every one blockchain companies will finally maintain Bitcoin.
The blockchain agency, final valued at $8 billion, has just lately targeted more and more on Bitcoin analysis and growth.
The transfer locations StarkWare alongside different crypto companies which have adopted Bitcoin as a treasury asset. It additionally follows President Donald Trump’s govt order to ascertain a US Strategic Bitcoin Reserve.
Integrating Bitcoin
As a part of its broader Bitcoin technique, StarkWare is integrating Xverse, a Bitcoin pockets that helps Ordinals and Runes, into Starknet. This may permit Bitcoin property for use throughout the Layer 2 community for the primary time.
The corporate can also be launching BTCFi Season, an initiative by the Starknet Basis to introduce Bitcoin holders to DeFi purposes resembling lending and yield farming.
Moreover, the Braavos pockets now helps Lightning Community funds, enabling sooner and cheaper Bitcoin transactions inside Starknet.
These developments help StarkWare’s broader imaginative and prescient of constructing Starknet a key execution layer for Bitcoin, addressing its scalability challenges. The corporate argued that whereas Bitcoin is broadly seen as digital gold, restricted transaction pace and excessive charges have constrained its broader use.
Bridging Bitcoin and Ethereum
StarkWare can also be advocating for OP_CAT, a proposed Bitcoin comfortable fork that would allow trustless Bitcoin-to-Starknet bridges by permitting superior scripting and programmable transactions.
The proposal, initially a part of Bitcoin’s early design, stays a subject of debate throughout the neighborhood resulting from safety issues.
Within the meantime, StarkWare is exploring different bridge fashions, together with a federated multisig system that depends on a gaggle of co-signers to safe Bitcoin and a BitVM-based resolution that minimizes belief through the use of cryptographic dispute-resolution mechanisms.
StarkWare sees these improvements as half of a bigger effort to make Bitcoin greater than only a retailer of worth, unlocking new monetary purposes whereas sustaining safety and decentralization.
With further Bitcoin integrations, partnerships, and incentives anticipated within the coming months, StarkWare goals to place Starknet as a bridge between Bitcoin and Ethereum, enabling higher liquidity and consumer adoption throughout each ecosystems.
