StarkWare establishes a 'strategic Bitcoin reserve' to achieve Starknet's vision of unifying Bitcoin and Ethereum

According to The Block, StarkWare has announced the establishment of a "strategic Bitcoin reserve" and is holding an increasing amount of funds in its treasury in the form of BTC. Although the company has not disclosed the specific amount of Bitcoin it holds or plans to acquire, Bitcoin remains a key part of its operational strategy, and StarkWare claims to be a "Bitcoin standard" company. In addition to Bitcoin reserves, StarkWare announced three further development plans for unified Bitcoin and Ethereum on Tuesday. first, Xverse， A Bitcoin wallet that supports Ordinals, Runes, BRC-20 tokens, Bitcoin second layer Stacks, and Rare Sats will be integrated into Starknet, achieving the first use of Bitcoin assets on the network. Secondly, the Starknet Foundation will launch the "BTCFi Season" program, aimed at providing profit opportunities for Bitcoin through Starknet. The plan aims to activate idle BTC and introduce DeFi use cases on Starknet to Bitcoin holders. Thirdly, 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 products, incentives, and partnerships related to Bitcoin, including collaborations with wallet providers and researchers, launching retail products to promote adoption, and continuing research to enhance Bitcoin's scalability through STARK proofs.