Stacks sells out third BTC staking tranche with Bullish, 21shares participating

Bitcoin-based smart contract platform Stacks announced on X on Nov. 5 that its third tranche, Bond 3, of its in-house Bitcoin staking program has sold out. The tranche totaled 1,000 BTC, with participants including NYSE-listed crypto exchange Bullish, which holds about 22,000 BTC, and crypto asset manager 21shares. Participants lock Bitcoin on the Bitcoin mainnet using a timelock mechanism and receive weekly BTC rewards based on a target annualized yield of 3% over six months. A Stacks official added that Bullish and 21shares would naturally accumulate STX as they expand the scale of their BTC staking.