@BitlayerLabs – Investor's Perspective on Valuation When Listing

As an investor following the Layer 2 sector, I pay special attention to Bitlayer. This is not just a Bitcoin expansion project, but one of the few projects applying BitVM to ensure security equal to Bitcoin while supporting EVM-compatible smart contracts. This opens up the opportunity to turn Bitcoin into a true DeFi platform – a market of hundreds of billions USD that remains untapped.

The valuation story through funding rounds

Bitlayer has gone through many impressive funding rounds:

Series A & Extension valued at ~300 million USD, with total raised capital of ~25 million USD. This price reflects strong confidence from major investment funds.

Public sale on CoinList reduces FDV to 150–200 million USD. This is a noteworthy point: retail investors now have the opportunity to enter at a lower valuation compared to private investors.

Previously, the Pre-TGE on Binance Wallet sold for 0.02 USD/BTR – a price almost like a 'seed price' for those who acted quickly.

When listing – what is the reasonable valuation framework?

If #Bitlayer lists at the public sale price, the FDV will be around 200 million USD. With the heat of the Layer 2 sector on Bitcoin and the number of users supported by CoinList and Binance, the possibility of the price multiplying by 1.5–2 times right after TGE is entirely feasible, bringing the FDV to the range of 300–400 million USD – equivalent to or exceeding private valuation.

However, I also notice the risks: the amount of tokens unlocking in the future may create selling pressure, especially if the team or funds sell heavily. But if the project can implement many DeFi applications and TVL grows rapidly, this pressure can be easily absorbed.


Conclusion for Investors

Bitlayer is in a 'bridge' position between the security of Bitcoin and the flexibility of Ethereum. An FDV of 150–200 million USD when listing is an attractive range if one believes in the long-term vision. My personal strategy is to gradually accumulate around the public sale price, take partial profits when FDV hits the 300+ million USD range, and hold the remainder for the growth wave of the Bitcoin DeFi ecosystem.
@BitlayerLabs #Bitlayer #BTR