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@BitlayerLabs , the Bitcoin infrastructure project pioneering BitVM, has raised $5M through oversubscribed token sales across multiple platforms, with $4M coming from CoinList. The CoinList sale drew 6,300+ investors from 100+ countries, exceeding targets by 50% and marking the first U.S.-accessible token sale by a Bitcoin project.
Other rounds included Holdstation ($190K sold out in 28 seconds), GoMining ($300K sold out to 2,051 participants), and Echo ($420K private sale). Combined with previous seed and Series A rounds, Bitlayer has now raised nearly $30M.
Funds will accelerate BitVM Bridge security, ecosystem expansion, and the rollout of Bitlayer Network V2 later this year. The BitVM Bridge uses a trust-minimized challenge-response system instead of multisig, enabling secure, scalable, and programmable Bitcoin DeFi.
With integrations across Sui, Arbitrum, Cardano, Base, and a mainnet processing 65M+ transactions and reaching $850M TVL, Bitlayer is rapidly positioning itself as a leader in Bitcoin Layer-2 innovation.