DeFi.app also launches its public beta with a points-based trading tournament. Its HOME token is expected to launch in "early Q2."
The firm plans to use its funding to continue developing the Plasma blockchain, which is an EVM-compatible Bitcoin sidechain to facilitate USDT transfers with no fees.
BlackRock's total stake in Strategy now stands at 11.26 million shares, worth over $3.67 billion at current prices.
The investment could be a “sign of things to come” for AI diversifying Bitcoin miners, according to analysts at JPMorgan.
The funding will be used for "continued product development, chain expansion, and strategic partnerships with DeFi protocols."