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Bitcoin pledge platform Acre completes $4 million in financing

Bitcoin pledge platform Acre recently raised US$4 million through a strategic financing round, with a valuation of US$90 million. Investors include Draper Dragon, Big Brain Holdings, Orange DAO and undisclosed angel investors from companies such as Lido, EigenLayer, Wormhole, Thesis and Quantstamp. Acre is a derivative of Thesis that allows users to earn Bitcoin rewards through pledges and provides liquidity to decentralized networks. It uses tBTC for asset custody, prioritizing security over speed.(TheBlock)

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