Bob, a Bitcoin
The investment raises the total funds of BOB (“Build on Bitcoin”) to $ 21 million, after earlier increases in 2024.
The newest raise will be used to finance Bob’s vision to build the “Gateway to Bitcoin Defi” by launching a MAINSTET BITVM bridge and making Bitcoin finality through Stute -BTC possible later this year. This allows users to bridge BTC from the Bitcoin network and implement Bob in Defi protocols.
Castle Island Ventures, which led Bob’s seed round of $ 10 million, also contributed to the latest increase, in addition to Ledger, Rockawayx, iOSG Ventures and Bankless Ventures. Anchorage, Amber Group and Sats Ventures arrived on Thursday as new investors, according to an emailed announcement.
“By combining BITVM and BTC removal, we prove how Bitcoin can protect a whole defi-eco system,” said co-founder Alexei Zamyatin. “A bet on Bob is a bet on Bitcoin Defi itself.”
The Mainstet launch is expected by the end of the year.
