Crypto 350
08/08 13:07
Bitcoin DeFi Startup BOB Secures $21 Million in St
Bitcoin DeFi Startup BOB Secures $21 Million in Strategic Funding Round
Bitcoin layer-2 network Build on Bitcoin (BOB) has secured $21 million in strategic funding rounds since December 2024. According to Cointelegraph, the company raised $9.5 million in its latest strategic round. Castle Island Ventures led the funding alongside new investors including Anchorage, Amber Group, and sats Ventures.
Many existing investors increased their financial commitments in the latest funding round. The company operates a hybrid chain model that combines Bitcoin's security with Ethereum's DeFi capabilities. BOB currently maintains $212 million in total value locked with 553,000 active users. The platform's DeFi TVL stands at $132.2 million as of Thursday. A mainnet launch is scheduled for the fourth quarter of 2025.
Why This Investment Matters for Bitcoin DeFi
The funding represents strong institutional confidence in Bitcoin-based DeFi solutions. Nic Carter, founding partner of Castle Island, stated the firm continues to believe Bitcoin will be the bedrock of DeFi. Carter described BOB as a potential "marquee L2" in the Bitcoin scaling space. The investment comes as the broader BitcoinFi ecosystem reaches new milestones. According to crypto.news, BitcoinFi protocols surpassed $10 billion in total value locked during the first half of 2025.
#Will Bitcoin fall in August?#HTX Crypto Gifts Carnival Is Live!#Claim1,200 USDT in the Monthly Creation Challenge#Do you think TREE is promising?
4Partilhar
Todos os comentários0Mais recentePopular