Prosper Announces the Closing of Strategic Round

2024 / 12 / 5

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Prosper, a decentralized protocol tokenizing institutional-grade Bitcoin hashrate as omnichain RWA and aiming to unlock the potential of Bitcoin through liquidity farming, today announced the successful closing of its strategic round.

The intention of the round was to bring in highly strategic long-term partners that have shown conviction in what Prosper is building. The very targeted pool of investors of prominent listed companies, Web3 ecosystem projects and financial investors include Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. Along with Animoca Brands, who has previously disclosed its intention to purchase $PROS tokens from the open market, these new investments in the project’s native token $PROS is a strong validation of Prosper's new strategic direction in tokenizing Bitcoin hashrate as omnichain RWA and will enable Prosper to strengthen its unique value proposition of bringing institutional-grade execution quality for a decentralized community.

Concurrent to the closing of this round, in the past few weeks Prosper has also announced a series of high profile partnerships with world-class industry leaders — including BITMAIN, Antpool, B² Network, StakeStone, Open Campus and more, covering all aspects of Prosper's protocol ecosystem growth from hashrate hosting, mining pool platform, Bitcoin staking opportunities, and community education.

The participation and support of these leading industry players and financial investors underscores strong confidence in Prosper's strategic vision and growth potential. Together these strategic partners bring deep industry expertise and extensive ecosystem networks that will be invaluable to Prosper as the protocol and community grows.

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About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through tokenizing institutional-grade Bitcoin hashrate as omnichain RWA, and aims to fully unlock the potential of Bitcoin through liquidity farming. For more information, visit prosper-fi.com or follow us on X (formerly Twitter).

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About Metalpha Limited

Established in 2021, Metalpha Limited is a global digital assets wealth management company headquartered in Hong Kong. The company hires top talents from Wall Street banks and provides crypto derivative products to institutions, which include exchanges, miners, funds, family offices, etc. Backed by both Metalpha Technology Holding Limited (NASDAQ: MATH) and Antalpha Technologies Limited, the company is one of the largest derivatives traders in Asia.

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About Waterdrip Capital

Waterdrip Capital was co-founded by veterans of the Chinese blockchain industry in 2017. As an investment institution specializing in the blockchain vertical, Waterdrip Capital has invested in over 200 blockchain projects, covering areas such as public chain infrastructure, Bitcoin ecosystem, DeFi, DePIN, RWA, Compliance Finance, etc.

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About BIT Mining Limited

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing. The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.

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About Satoshi Protocol

Satoshi Protocol is the first Bitcoin Finance Network powered by satUSD, a Bitcoin-backed stablecoin. It enables users to mint satUSD with BTC as collateral across the Bitcoin Mainnet, L1s/L2s. Through these integrations, Satoshi Protocol transforms Bitcoin from a store of value into a versatile, multi-use asset.

With satUSD, users can securely earn yield without selling their Bitcoin. It’s already integrated with lending, DEX, and payment solutions, aiming to unlock Bitcoin’s potential for broader adoption and diverse financial applications.