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Avalanche Bridged Bitcoin (BTC.b) was launched by Ava Labs in 2022, establishing a pathway for Bitcoin liquidity to enter the Avalanche ecosystem.

Lombard Finance announced its acquisition of the BTC.b asset and its underlying bridge infrastructure from Ava Labs to expand it into a multi-chain asset.

Lombard BTC (BTC.b) reached its all-time high price of $125,860.

The final deadline for users to redeem BTC.b from the old, Ava Labs-managed bridge, completing the technical transition to Lombard's new infrastructure.