Odaily Planet Daily News: The modular BTC Layer2 blockchain launch platform UTXO Stack has announced the completion of a new round of financing with a valuation of 50 million dollars, with specific amounts not yet disclosed. The investors include UTXO Management, PAKA Fund, and CMS Holdings. This financing will be used to accelerate liquidity development of the Lightning Network and introduce stablecoins into the Bitcoin ecosystem. Key milestones include: - Airdrop rewards for Bitcoin liquidity providers in early January; - Launching the first TGE on the Lightning Network in the first quarter of 2025; - Integration with the CKB Fiber network. Previously in April, it was reported that the modular BTC Layer2 blockchain launch platform UTXO Stack completed its seed round financing, co-led by ABCDE and SNZ Capital, with strategic investment from CKB Eco Fund, and participation from OKX Ventures, Waterdrip Capital, Matrixport, y2z Ventures, DRK Lab, and UTXO Management (the investment department of BTC Inc. and publisher of Bitcoin Magazine).
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UTXO Stack completes a new round of financing with a valuation of 50 million dollars, with investors including CMS Holdings and others.
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