Stacks Bitcoin staking bond draws 1,005 BTC from institutional backers
Bond 3 of Stacks' Bitcoin staking sold out after attracting 1,005 BTC from Bullish Capital and 21Shares, exceeding the volume raised across the program's first two bonds combined.
Institutional investors Bullish Capital and asset manager 21Shares committed 1,005 BTC to Bond 3 of Bitcoin staking on the Stacks network, according to reports by The Block and Crypto Briefing. The round surpassed the combined volume of the first two Stacks staking bonds and quickly sold out.[1][2][3][4]
Under the bond terms reported by BSCNews, participants earn weekly Bitcoin rewards targeted at a 3% annual yield across a six-month term. The staked Bitcoin remains timelocked directly on the Bitcoin layer-1 network, allowing participants to retain self-custody throughout the staking process.[1][2][3]
Bullish holds more than 22,000 BTC, making it the first company among the ten largest publicly traded Bitcoin holders to stake on the Bitcoin layer-1 to earn BTC via Stacks, BSCNews noted. 21Shares, which manages over $6.5 billion in assets, also joined the offering. Stacks is scheduled to open its fourth bond around December 3.[1][2][3]
Key facts
- Bond 3 of Stacks Bitcoin staking drew 1,005 BTC, surpassing the combined total of the first two bonds.
- Bullish Capital and 21Shares participated in the sold-out Bond 3 offering.
- Staked Bitcoin remains timelocked on the Bitcoin layer-1 network under the participants' own custody.
- Participants receive BTC rewards weekly with a target annual yield of 3% across a six-month duration.
- Bullish, which holds over 22,000 BTC, is the first of the ten largest publicly traded Bitcoin holders to stake BTC on layer-1 via Stacks.
- 21Shares manages more than $6.5 billion in assets.
- Stacks Bond 4 is scheduled to open around December 3.
Sources · 3 sources
- TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Bond 3 of Bitcoin staking with @Stacks brought in 1,005 BTC, more than the first two bonds combined. Bullish Capital @bullish and @21shares staked BTC on the Bitcoin L1, in their own custody, to earn BTC with Stacks. blockstack:native Bond 4 opens Dec. ~3. https://t.co/Aw7p0hwOjw
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Bond 3 of Bitcoin staking with @Stacks brought in 1,005 BTC, more than the first two bonds combined. Bullish Capital @bullish and @21shares staked BTC on the Bitcoin L1, in their own custody, to earn BTC with Stacks. blockstack:native Bond 4 opens Dec. ~3. https://t.co/GAiSKzfeBA
Open source - BS
BSCN@BSCNewsPost on X ·
Bond 3 of $BTC staking with Stacks has sold out. @Bullish holds over 22,000 $BTC and ranks among the ten largest publicly traded Bitcoin holders. They’re the first in that group to stake $BTC on the Bitcoin L1 and earn $BTC with @Stacks. @21shares, who manage more than $6.5 billion in assets, is also participating. Participants earn $BTC every week at a 3% target annual yield over a six-month term, and the $BTC stays timelocked on the Bitcoin L1 in their own custody.
Open source - CB
Crypto BriefingArticle ·
Stacks Bond 3 hits 1,005 BTC, topping the first two bonds combined The rapid growth in Stacks bonds highlights increasing institutional interest and could significantly impact Bitcoin's staking ecosystem. The post Stacks Bond 3 hits 1,005 BTC, topping the first two bonds combined appeared first on Crypto Briefing .
Open source