Bitcoin DeFi Project BOB Raises Another $9.5M to Build BTC DeFi Infrastructure

Bitcoin DeFi Project BOB Raises Another $9.5M to Build BTC DeFi Infrastructure

The investment bring BOB's ("Build on Bitcoin") total funds raised to $21 million, following previous raises in 2024.

Bitcoin DeFi Project BOB Raises $9.5M from Multi-Round Strategic Funding

Quick take: The strategic funding brings the total raised to $21.1 million, following a $10 million seed round and $1.6 million raised from angel investors. The company plans to use the fresh capital to accelerate the development of its new hybrid chain for Bitcoin use cases and liquidity. BOB has already launched a native BTC support on testnet, backed by partners including Lombard, Amber Digital, and RockawayX. BOB (Build on Bitcoin), a decen…

BOB Raises $21 Million to Develop Hybrid Bitcoin-Ethereum DeFi Platform - Invest In Crypto News

BOB, the DeFi platform that combines Bitcoin’s security with Ethereum’s DeFi innovation, has announced the completion of a series of strategic funding rounds since December 2024, bringing its total raised to $21 million. These funding rounds will accelerate BOB’s development of its hybrid chain, placing Bitcoin at the heart of DeFi to unlock new use cases and trillions in liquidity. Bitcoin DeFi has a 100x Growth Opportunity According to a press…

Build on Bitcoin (BOB) gets $21 million to bring native Bitcoin DeFi to Ethereum and beyond.

Build on Bitcoin (BOB) has raised $21 million to bring native Bitcoin DeFi to Ethereum and beyond. It has support from big institutions and is moving forward with its hybrid layer-2 infrastructure. Since December 2024, the funding has come in several rounds. The most recent one, led by Castle Island, brought in $9.5 million, with Anchorage, Amber Group, and Sats Ventures also taking part.

Bitcoin DeFi project BOB announces additional $9.5 million in funding

According to Jinse Finance, Bitcoin DeFi project BOB has announced a strategic refinancing round of $9.5 million, bringing its total funding to … Source link The post Bitcoin DeFi project BOB announces additional $9.5 million in funding | Bitget News first appeared on Crypto News Wire.

BOB Secures $9.5M in Strategic Investment to Advance Bitcoin DeFi

– BOB, a Bitcoin-based DeFi project, raised $9.5M in a strategic funding round, totaling $21.1M with participation from major investors like Anchorage and Amber Group. – The project combines Bitcoin and Ethereum ecosystems via staked BTC-secured smart contracts, leveraging BitVM and Bitcoin finality to position itself as a leading Layer 2 solution. – Funds will develop BTC-collateralized bridges and hybrid EVM chains, aiming to expand Bitcoin’s …