PumpBTC, a pioneering Bitcoin liquidity staking platform, has successfully concluded a $10 million seed funding round according to their announcement via X, earlier today.
The investment was spearheaded by SevenX Ventures and Mirana Ventures, with notable participation from institutional investors including UTXO and Mantle Ecosystem Fund.
The platform has also secured strategic partnerships with industry leaders Quantstamp and Veda, strengthening its position in the cryptocurrency ecosystem.
Product Innovation and Development
At the forefront of PumpBTC’s expansion is the launch of their new BTC-fi Yield Vault, a revolutionary CeDeFi BTC liquid vault solution.
This innovative product combines the robust security features of centralized finance (CeFi) with decentralized finance (DeFi) Bitcoin income optimization strategies.
The platform’s flagship offering, PumpBTC Liquid Staking, has already demonstrated significant success, securing 3,400 BTC in locked assets, with 2,077 BTC actively generating yields through the Babylon protocol.
Also Read: VanEck EU Introduces Staking For Solana Exchange-Traded Note; SOL Jumps over 4%
Community Growth and Engagement
Since its inception in July 2024, PumpBTC has achieved remarkable community growth metrics. The platform has amassed over 105,000 Twitter followers and built a vibrant Discord community exceeding 30,000 members.
Their Galaxy event attracted nearly 40,000 participants, while their staking initiatives, in collaboration with Mantle and other partners, have engaged 20,000 unique users, demonstrating strong market penetration and user adoption.
PumpBTC Ecosystem Expansion
PumpBTC has established a significant presence across more than 10 public blockchain networks, accumulating approximately $240 million in total locked value (3,400 BTC). The platform has forged strategic partnerships with over 70 projects, creating a robust multi-chain ecosystem.
These collaborations, combined with the recent funding, position PumpBTC to further advance their CeDeFi infrastructure and expand their suite of innovative Bitcoin yield optimization solutions.
Also Read: Shuttle Labs Launches Beta For Genius Crypto Exchange With $6 Million Funding