BOB Uses Hybrid Chain Model to Bridge Ethereum and Bitcoin

Layer-2 blockchain network Build on Bitcoin (BOB) has raised $21 million in strategic funding rounds since December 2024, with $9.5 million secured in its latest round, according to a news release sent to Cointelegraph.

Many existing investors have increased their financial commitments in the latest $9.5 million strategic round, including Castle Island, along with new strategic investors Anchorage, Amber Group and sats Ventures.

Nic Carter, founding partner of Castle Island, told Cointelegraph why they have decided to double down on their…