Bitcoin builder company BOB has completed its community sale, bringing total funding to over $25 million. The company aims to bring decentralised finance (DeFi) functionalities to the Bitcoin ecosystem.
According to BOB co-founder Alexei Zamyatin:
"The community sale was an important part of our pledge to transition BOB to community ownership.
We now have an aligned group of community protocol owners who, alongside tier 1 institutional funds, DeFi founders and leading BTC businesses, will be the driving force behind BOB’s mission to become the Gateway to Bitcoin DeFi, everywhere."
Prior to the community sale, BOB had raised a total of $21 million across multiple Seed and strategic rounds.
This backing has enabled BOB to achieve significant technical milestones in pursuit of its vision, including becoming the first hybrid ZK rollup, launching a BitVM bridge on testnet with major institutional partners, and pioneering the first Bitcoin intents system that enables 1-click BTC access across major chains.
With TGE and the transition to full community governance around the corner, BOB will continue to focus on delivering on the Gateway to Bitcoin DeFi roadmap.
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