Stacks’ Bitcoin Staking Total Reaches 735 BTC Across Two Bonding Periods

Stacks’ Bitcoin Staking program recorded about 735 Bitcoin (BTC) across its first two bonding periods, but the tally spans Q3 and October because the second period opened Oct. 8, after the quarter ended. At quarter-end, the Genesis Bond had 230 BTC bonded. Bonding Period 2 added 505 BTC, bringing the combined amount to about 735 BTC. Stacking DAO supplied 483 BTC of the second period through liquid staking. Participants receive stBTC, a token representing staked BTC that can be used in applications on Stacks. The Genesis Bond figure was 250 BTC at launch on Sept. 10 and 230 BTC at quarter-end; the 735 BTC total uses the quarter-end figure. The first bond included 21shares, HashKey Cloud, UTXO Management and Sypher Capital.

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