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Bitcoin Lending Platform Acre Completes $4 Million Strategic Financing Round, with Participation from Draper Dragon
2025-02-21 01:13
BlockBeats News, February 21st, according to The Block, Bitcoin staking platform Acre has completed a $4 million strategic financing round, with participation from Draper Dragon, Big Brain Holdings, Orange DAO, and others.
Acre's co-founder and CEO Laura Wallendal stated that the funding round was conducted in the form of future equity simple agreements and token subscription rights. Wallendal mentioned that the $90 million valuation represents the fully diluted valuation of the unreleased ACRE token.
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