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Bond 2

Bond 2

30 Day Report

Bond 2 opened October 8, 2026 and sold out at 505 BTC, more than double the Genesis Bond. Weekly BTC rewards have been paying since October 15, 2026, and the term runs to April 1, 2027.

Public figures as of
November 12, 2026
505
BTC
BTC bonded
Sold out · Earning
Status
3
Named participants
1.21
BTC
Rewards paid, first month
October 8, 2026
Opened
April 1, 2027
Term ends
and liquid staking supplied almost all of it.

Timeline

How we got here
September 10, 2026
Genesis bond opens and sells out
230 BTC staked by four institutions: UTXO Management, 21shares, HashKey Cloud and Sypher Capital. Weekly BTC rewards have paid since September 17.
September 24, 2026
Anchorage Digital custody announced
Institutions can enroll and fund bonds from Anchorage Digital Bank accounts; BTC held by a federally chartered bank for the term.
October 8, 2026
Bond 2 opens and sells out
505 BTC staked. StackingDAO supplied 483 BTC through liquid staking (stBTC), with Xverse and 21shares also taking part.
October 15, 2026
First weekly BTC rewards paid
Bond 2 participants receive their first BTC payout; rewards continue to be paid out every Bitcoin week.

BTC bonded

Cumulative BTC locked on Bitcoin L1 as each bond opened, with this bonde highlighted.
Cumulative BTC bonded
Bond 2 · Oct 8
BTC bonded, cumulative
BTC bonded per bond
Bond 2 · Oct 8
BTC bonded in the period

Bond results

Size, participants, rewards and terms.
Bond
2
· Opened
October 8, 2026
Sold out · Earning
505
BTC Staked
1.21
BTC
First month rewards
4
Cycles paid
6.7
M
STX
STX paired
Participants
21shares returns from the Genesis bond, joined by StackingDAO and Xverse
Rewards
Paid weekly in BTC since October 15, 2026
Target yield
~3% annualized, paid in BTC (target, not guaranteed)
Term ends
April 1, 2027

In their words

What the institutions behind the first two Bitcoin bonds say about it.
“
Bitcoin staking and yield products represent a meaningful step in expanding the productive use of the world’s largest digital asset. Initiatives that advance secure, on-chain innovation—while preserving Bitcoin’s core properties—are important drivers of institutional interest and long-term ecosystem growth.”
“
Institutions are increasingly looking beyond simply holding Bitcoin. They want to understand how their BTC holdings can become productive while maintaining appropriate security, liquidity and risk controls.”
“
Bitcoin DeFi represents an untapped opportunity in digital assets, but the infrastructure required to make it accessible to institutions has only recently matured. Through our expanded integration with Stacks, we’re working to give Fireblocks clients a path to Bitcoin-denominated rewards using the custody, compliance, and operational standards their businesses require.”

Participants, pools and custody

Everyone publicly named in this bond or supporting it, and how each takes part.
Name
Type
Path
Bonds
Note
21Shares
Institution
Path
Self-custodial
BONDS
1, 2
Returned for Bond 2
StackingDAO
Pool operator
Path
Liquid staking (stBTC)
BONDS
1, 2
Majority of Bond 2 capacity
Xverse
Pool operator
Path
Self-custodial
BONDS
1, 2
Back from Genesis bond
Fordefi
Custody
Path
MPC wallet and signing
BONDS
—
SOC 2 Type II
Fireblocks
Custody
Path
MPC wallet and signing
BONDS
—
SOC 2 Type II
Ledger + Leather
Custody
Path
Hardware self-custody
BONDS
—
Keys never leave the device
Anchorage Digital
Custody
Path
Qualified custody
BONDS
—
Announced September 24, 2026

Stacks is where Bitcoin Earns.

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