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 utility beyond value storage through yield-generating DeFi applications.
– The investment highlights growing convergence between Bitcoin and Ethereum infrastructure, signaling increased institutional confidence in Bitcoin-based DeFi innovation.
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