Crypto
Blockstream Secures $210 Million to Propel Bitcoin Innovations
Blockstream has successfully raised $210 million to enhance its layer-2 technologies and expand mining operations.
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Blockstream, the bitcoin infrastructure firm, has completed a $210 million convertible note financing round led by investment firm Fulgur Ventures. The funds will be allocated to:
- Accelerating the adoption and development of Blockstream's layer-2 technologies.
- Expanding the company's mining operations.
- Enhancing its bitcoin treasury.
Blockstream's layer-2 solutions include the Liquid and Lightning networks, which are designed to improve efficiency and reduce bottlenecks by facilitating scaling.
"This latest fundraise represents a defining moment for Blockstream as we embark on a critical new phase of growth to further bridge the gap between bitcoin and the wider world of finance," said Blockstream Co-Founder and CEO Dr. Adam Back.
