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Lombard Finance acquires Avalanche cross-chain Bitcoin asset BTC.b
Summary: According to The Block, Bitcoin DeFi protocol Lombard Finance has announced the acquisition of Avalanche (AVAX)'s cross-chain Bitcoin asset BTC.b and its related infrastructure, with the transaction coming from Ava Labs. BTC.b has a market value of approximately $5.02 billion and will continue to operate on Avalanche, with contracts and names remaining unchanged.
According to The Block, Bitcoin DeFi protocol Lombard Finance has announced the acquisition of Avalanche (AVAX)'s cross-chain Bitcoin asset BTC.b and its related infrastructure, with the transaction coming from Ava Labs. BTC.b has a market value of approximately $5.02 billion and will continue to operate on Avalanche, with contracts and names remaining unchanged.
