Hemi Snags $15M to Make Bitcoin Smart Contracts a Reality – But, Who Asked For This?

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Hemi, in what can only be described as an effort to make Bitcoin more like Ethereum (and let’s be honest, who doesn’t want that?), just closed a $15 million growth round. YZi Labs, Republic Digital, and HyperChain Capital threw their money in the pot, pushing Hemi’s total funding to a whopping $30 million. Apparently, Bitcoin needed a makeover, and here we are.

Now, Hemi claims to have invented the “Hemi Virtual Machine,” which is apparently some kind of magic that embeds a full Bitcoin node inside an Ethereum Virtual Machine. The goal? To combine Bitcoin’s security with Ethereum’s flexibility. Yeah, because that’s what the world was missing: more Ethereum-style smart contracts on Bitcoin. They’re apparently enabling applications for earning, borrowing, and trading on Bitcoin, because clearly, that was the missing piece of the puzzle.

The company, in a rare moment of humility, boasts that they’ve locked over $1.2 billion in total value, integrated with over 70 ecosystems (including Sushi, Layerzero, and Metamask), and have 100,000 verified users. Oh, and let’s not forget the 400,000-member community that’s eagerly waiting for the token launch, because nothing says “we’re ready” like a community that’s mostly waiting for something to happen. And just for good measure, Breyer Capital, Crypto.com, Quantstamp, and others jumped in on the round. So, yeah, sounds pretty legit.

In case you didn’t notice, Hemi’s founding team is practically a who’s-who of the early Bitcoin crew: Jeff Garzik, Maxwell Sanchez, and Matthew Roszak. If these names mean nothing to you, don’t worry. They’re apparently big deals in the Bitcoin world. But again, do you really need to know who’s behind it when they’ve got that sweet, sweet $30 million funding?

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2025-08-28 14:12