StarkWare Establishes Bitcoin Reserves… Announces Strategy to Increase BTC Holdings

# StarkWare Establishes Strategic Bitcoin Reserve as Part of Financial Strategy New York - StarkWare, a core developer of Ethereum Layer 2 solution Starknet, announced the establishment of a 'Strategic Bitcoin Reserve' as part of its financial strategy. According to The Block on the 11th (local time), StarkWare holds Bitcoin and plans to gradually increase its holdings. However, the exact amount of their current holdings and future acquisition targets were not disclosed. This announcement comes at a time when more companies are looking to utilize Bitcoin as a long-term store of value, drawing significant attention. StarkWare has an estimated valuation of $8 billion and has dedicated substantial resources to Bitcoin research and related technology development over the past few years. StarkWare identifies itself as a company adhering to the 'Bitcoin-standard' and emphasized that expanding BTC holdings is a key part of its operational strategy. The announcement by StarkWare signifies an increasing trend of companies incorporating Bitcoin into their financial strategies. Currently, major companies with Bitcoin reserves include Strategy, MARA, and Block, with StarkWare now joining this growing trend. In addition to Bitcoin research, StarkWare is also working on developing Starknet into the first Layer 2 network capable of settlement on both Bitcoin and Ethereum. The StarkWare team stated, "Our goal is to improve user experience (UX), scalability, and liquidity for mass adoption while maintaining security and decentralization."