Bitcoin Staking Platform Acre Secures $4 Million in Strategic Financing to Propel ACRE Token Launch

COINOTAG reported on February 21st that Acre, a prominent Bitcoin staking platform, has successfully concluded a strategic financing round, raising $4 million. This funding round saw investments from well-known entities such as Draper Dragon, Big Brain Holdings, and Orange DAO, highlighting the growing interest in crypto finance. According to Acre’s co-founder and CEO Laura Wallendal, the investment was structured through future equity simple agreements and token subscription rights, allowing for flexibility in capital raising. Wallendal also noted that Acre’s valuation reached $90 million, representing its fully diluted valuation in anticipation of the upcoming launch of the ACRE token. This strategic move puts Acre in a favorable position to capitalize on the expanding Bitcoin staking market, offering potential for substantial growth within the crypto ecosystem.