Bitlayer completes a $5 million community public offering, with a total financing amount reaching $29.91 million

according to The Block, Bitcoin infrastructure startup Bitlayer has completed a $5 million oversubscribed token financing through crowdfunding platforms such as CoinList and Echo, attracting over 6,300 investors, with subscriptions exceeding the target by 50%. The project has raised a total of $29.91 million, which will be used to expand operations and develop the mainnet V2.

According to Web3 asset data platform RootData, Bitlayer is a Bitcoin Layer 2 ecosystem project that leads the implementation of BitVM. With a combination of security and a high-speed smart contract engine, Bitlayer will fully unleash the potential of BTC Fi.