Bitlayer Raises $5M to Expand Bitcoin Layer 2 Ecosystem
Bitcoin infrastructure innovator Bitlayer has raised $5 million through oversubscribed token sales, attracting thousands of investors. Founded in 2023, Bitlayer is building a Bitcoin Layer 2 network powered by the Bitcoin Virtual Machine (BitVM), enhancing Bitcoin’s programmability and interoperability.
The funds will support team growth, ecosystem development, and the upcoming mainnet V2 launch, building on integrations with networks like Arbitrum, Base, Cardano, and Sui. With nearly $30 million raised to date, Bitlayer is advancing next-generation Bitcoin applications—from DeFi to smart contracts—expanding the Bitcoin ecosystem into new use cases.
