Build on Bitcoin (ETH: $BOB) is a DeFi protocol that combines the security of Bitcoin and the DeFi capabilities of Ethereum. Recently, the project has raised $9.5 million in a funding round. In total, the project has raised $21 million in funding to date.
Recent Developments
The BOB team has been busy, and in July, they announced the launch of a mainnet bitVM bridge that will enable Bitcoin finality via staked BTC. The mainnet allows users to bridge BTC from the main Bitcoin ($BTC) network and deploy it across DeFi protocols on BOB.
At the heart of the BOB ethos is the use of actual BTC, and not just wrapped BTC assets, to fuel DeFi services. Various other projects have launched with wrapped Bitcoin to bring the value of $BTC to their ecosystem, such as the sBTC token launched by Stacks.
In November, BOB received another boost when crypto bank Anchorage Digital revealed that it would provide a regulated gateway for the BOB Bitcoin-Ethereum ecosystem. The custody service is offered by a federally chartered bank, providing a boost for institutional participation.
Anchorage also has a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and offers self-custody via the Porto wallet. BOB’s partnership with Anchorage marked an important step in making $BTC yield opportunities accessible to institutional investors looking for secure and compliant infrastructure.
Anchorage also holds a Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS) and provides a self-custody wallet called Porto. The total value secured in BOB is $266.86 M according to L2Beat as of Friday, December 5, 2025.
Bithumb Lists Build on Bitcoin (ETH: $BOB)
Wednesday, December 3, 2025, marked an important day for Build on Bitcoin (BOB). The token saw its value surge over 120% in just a few hours after Bithumb, the South Korean crypto exchange, announced it would list it. According to CoinMarketCap data, Bithumb is the fourth-largest crypto exchange by volume. The pump signals the massive appetite for $BTC infrastructure solutions in the South Korean market.
The Bithumb listing acts as a gateway into the Korean retail investors’ market. These investors are particularly active when it comes to new listings. Additionally, the listing will offer massive liquidity to BOB, which had a relatively thin order book before the listing on lower-tier exchanges.
South Korea remains a major player in the crypto market, with one of the highest retail adoption rates globally. The exchanges in South Korea have stringent checks, which confer legitimacy on a project that they list.
Build on Bitcoin (ETH: $BOB) Market Performance
Following the initial listing on Bithumb, BOB soared over 120% in a few hours to a new all-time high of $0.02929 on December 4, 2025. However, the price has since dipped 26.7% less than 24 hours later as savvy investors take profit. In the past 24 hours, the price of $BOB has dipped 14.2%, while in the past week, the price has risen 31.3%. Meanwhile, $BOB is down 15.3% since it went live on November 20, 2025.
Is Build on Bitcoin ($BOB) A Buy?
$BOB is a relatively new token. However, its team has demonstrated a commitment to the project and has received funding from major angel investors who believe in their vision. The recent Bithumb listing has provided a major boost to the visibility of the project. With more activities planned in 2026, adding $BOB to your portfolio could potentially prove beneficial in the medium term.
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