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Symbiotic Raises $29 Million Series A to Launch Universal Staking and Transform Blockchain Coordination

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[PRESS RELEASE – Dubai, UAE, April 23rd, 2025]

Funding round led by Pantera Capital, with participation from Coinbase Ventures and over 100 angels across industry-leading teams such as Aave, Polygon, and StarkWare.

  • Proof-of-Stake has become the dominant standard for blockchains, with Symbiotic unlocking new revenue streams for stakers across multiple networks simultaneously.
  • Top investors and teams are backing Symbiotic’s vision to transform staking from an isolated, single-network security mechanism into a universal coordination layer.
  • Leading projects, including Hyperlane, Spark, and Avail, are among the first adopters, with 14 networks already integrated and 20+ more in the pipeline.

Symbiotic, the universal staking protocol, today announced a $29 million Series A funding round to launch the Universal Staking Framework, designed to expand blockchain security into broader economic coordination. The round was led by Pantera Capital, with participation from Coinbase Ventures and more than 100 angel investors, including prominent contributors from Aave, Polygon, and StarkWare. The investment will be used to expand Symbiotic’s team and ecosystem, accelerate integrations with additional networks through tools such as SDKs, and support new functionality across slashing, cross-chain collateral composition, and risk modeling.

This milestone follows rapid growth since Symbiotic’s launch in June of last year, reaching over $1 billion in TVL faster than any other protocol from its initial launch. Live with 14 networks, Symbiotic is expanding to more than 35, with additional networks at various stages of integration—including Hyperlane, Spark, and Avail. The protocol also introduced the first restaking system with customizable slashing capabilities in January, establishing a new benchmark for protocol-level security.

Universal Staking builds on the capital efficiency introduced by restaking but dramatically expands its scope. Rather than focusing solely on shared security, Symbiotic enables any combination of assets to secure any class of network—modular or monolithic, L1 or L2—while supporting use cases that extend well beyond traditional staking, including insurance and other financial products.

“Restaking solved a key problem around capital efficiency in blockchain security—but it came with fixed assumptions,” said Misha Putiatin, co-founder of Symbiotic. “Universal Staking breaks that mold. We’ve created a modular framework that lets protocols evolve security models over time while efficiently coordinating risk. This empowers protocols at every stage of their lifecycle to evolve their security models seamlessly without rebuilding infrastructure.”

Major players in the interoperability and modular blockchain ecosystem are now building with Symbiotic. Hyperlane, a permissionless interoperability protocol, is working with Symbiotic to introduce native staking for its token — allowing the protocol to secure its network with a decentralized validator set backed by cryptoeconomic guarantees. This collaboration brings programmable security to Hyperlane’s modular architecture, helping ensure its cross-chain messaging routes remain trust-minimized and censorship-resistant.

In addition to improving security, insurance primitives backed by diverse collateral are currently in development, and structured risk products are being designed to layer staking positions for enhanced capital efficiency and more granular risk exposure.

“We see Universal Staking as the next step in blockchain infrastructure,” said Paul Veradittakit, Managing Partner at Pantera Capital. “Symbiotic unlocks economic coordination between assets and networks that were previously impossible. As the number and variety of onchain assets continue to increase, Symbiotic allows them to easily serve as economic security while enabling entirely new use cases across DeFi.”

Symbiotic’s expansion comes amid rapid growth in the broader staking and crypto ecosystem. As of February 2025, over 33.8 million ETH are staked, representing approximately 28.36% of the total ETH supply. Meanwhile, the total cryptocurrency market capitalization surged to $3.9 trillion in 2024, marking a 127% Y-on-Y growth and reflecting renewed interest in infrastructure-level innovations like staking, restaking, and asset coordination.

For more information about Symbiotic and Universal Staking, users can visit https://symbiotic.fi/.

About Symbiotic

Symbiotic is a universal staking protocol that provides a modular coordination framework for the blockchain ecosystem. It enables protocols to evolve their security models over time and unlock entirely new economic primitives. Backed by Paradigm, Pantera Capital, Coinbase Ventures, cyberFund, and over 100 angel investors, Symbiotic is currently live on 14 networks and expanding to a total of 35, with additional networks in various stages of integration. For more, users can visit https://symbiotic.fi.

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Cryptocurrency

Saylor’s Strategy Bought Another 4,225 BTC Before Bitcoin’s Price Explosion: Details

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Michael Saylor’s Bitcoin-oriented brainchild has made another massive purchase, accumulating 4,225 BTC for $472.5 million.

Due to the cryptocurrency’s substantial price expansion in the past few years, Strategy now sits at a mindblowing unrealized profit of roughly $30 billion.

This is because the company has spent $42.87 billion to acquire its BTC stash of 601,550 bitcoins bought at an average price of $71,268 per unit. Given BTC’s price as of press time ($121,500), this puts Strategy’s fortune at over $73 billion.

Saylor hinted about this purchase yesterday, indicating that some weeks, “you don’t just HODL.” Recall that the company didn’t announce a new acquisition last week, which was somewhat surprising given its history since the US elections in November last year.

Strategy’s former CEO has also been particularly vocal on X about different BTC purchases from other companies. In the past few days alone, he has reposted the accumulations completed by the likes of Metaplanet, K33, DigitalX Ltd., Sequans, and the Blockchain Group.

The average price of Strategy’s latest purchase means that it was most likely completed in the middle of the previous week when BTC challenged $112,000. The asset has traded well beyond that level ever since Thursday.

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Metaplanet Snaps Up 797 More BTC in Aggressive Bitcoin Gold Rush

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Japanese investment firm Metaplanet has expanded its Bitcoin holdings with the purchase of 797 BTC, after spending approximately 13.8 billion yen, which is worth around $93 million.

The company acquired Bitcoin at an average price of around $117,000 per unit.

Aiming for “Escape Velocity”

Following the latest acquisition, Metaplanet currently holds 16,352 BTC, equivalent to approximately $1.64 billion. It maintains its position as the world’s fifth-largest publicly traded corporate BTC holder, according to data shared by BitcoinTreasuries. The accumulation now comes just a week after the Tokyo-listed company purchased 2,205 BTC.

The firm, which shifted from hotel operations to Bitcoin treasury management last year, has been accelerating its accumulation strategy amid rising institutional interest in crypto assets. Metaplanet has set an ambitious target to control over 210,000 BTC by 2027, which is around 1% of the total Bitcoin supply.

Metaplanet had previously revealed its plans to leverage its growing Bitcoin reserves to acquire cash-generating businesses, even potentially including a digital bank in Japan.

Last week, Gerovich told the Financial Times that the company is racing to accumulate as much BTC as possible, while describing it as a “Bitcoin gold rush” to reach “escape velocity” and maintain a lead over competitors. The exec also said that he would never sell the crypto asset.

“We think of it as a Bitcoin gold rush. We need to accumulate as much Bitcoin as we can to get to a point where we have reached escape velocity, and it just makes it very difficult for others to catch up.”

Metaplanet’s Ambitious Bitcoin Plan

In its next phase, Metaplanet aims to use the crypto asset as collateral to access financing, similar to how securities or government bonds are used. The goal will be to deploy these funds to buy profitable businesses aligned with its strategy. While crypto-backed lending remains rare in traditional banking, experiments like Standard Chartered’s pilot with OKX suggest growing institutional interest.

Gerovich ruled out issuing convertible debt to fund growth, preferring options like preferred shares to avoid repayment tied to volatile share prices. The firm said that it envisions digital banking services as a future area of expansion, and aims to deliver superior retail banking options in Japan using its BTC-backed leverage.

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Bitcoin Price Analysis: BTC Nearing Exhaustion or Gearing Up for $130K Next?

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Bitcoin has officially entered price discovery once again, trading just below $122,000 at the time of writing. After months of consolidation and multiple failed breakout attempts, the bulls have finally regained full control.

The breakout above the previous all-time high around $112,000 was followed by explosive momentum, and investors are wondering how much further BTC will run.

By ShayanMarkets

The Daily Chart

The daily chart shows that the asset is still respecting the long-term ascending channel, as it rebounded from its lower boundary and is currently rallying toward the mid-line. The price decisively closed above the $112,000 previous all-time high, a level that acted as a distribution zone for over a month. Following this breakout, BTC printed several bullish continuation candles, pushing all the way up to $122,000.

Yet, a retracement into the $114K–$117K zone is probable to cool the market down. This pullback would not invalidate the bullish structure but instead offer a healthier continuation setup. As long as the price holds above the $114K breakout level, the medium-term structure remains strongly bullish.

The 4-Hour Chart

The 4H chart shows a clean breakout from the recent range and a near-vertical price expansion, confirming the daily momentum. After breaking above the descending channel, Bitcoin formed a strong impulsive leg. As a result, the RSI is now extremely elevated at 78+, hinting at potential short-term exhaustion.

The 4H chart also highlights the newly formed Fair Value Gaps stacked below the price, which could get revisited in the coming sessions or days. These FVGs can both attract the price and act as potential support. As long as BTC remains above the 114K block, short dips into this region would be considered bullish retests.

Moreover, if the price begins to range around the 121K–122K area, it would allow RSI to cool off and provide fresh momentum for the next breakout, without experiencing much correction.

Sentiment Analysis

Bitcoin Funding Rates

Funding rates have started to spike again, reflecting the surge in long-side leverage after the breakout. This sharp uptick in funding confirms that traders are aggressively chasing the move. While elevated funding is expected during trend continuations, it also introduces risk: the higher the leverage imbalance, the more vulnerable the market becomes to a flush.

Historically, when funding remains excessively positive while prices stall or consolidate, it often leads to a liquidation-driven pullback. So far, we haven’t seen aggressive spikes like those in Q1 2024, but it’s something to monitor closely.

If the asset fails to push higher while funding stays elevated, a quick shakeout into the 114K zone is possible. Until then, the sentiment remains bullish but slightly overheated, which aligns with current RSI readings and market structure.

 

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Cryptocurrency charts by TradingView.

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