Blockstream Secures $210M for Bitcoin Growth Initiatives

Blockstream, a prominent Bitcoin infrastructure company, has successfully raised $210 million through a convertible note financing round led by Fulgur Ventures. This capital will be used to accelerate the adoption of Blockstream's layer-2 technologies, enhance its mining operations, and expand its Bitcoin treasury. The company's layer-2 solutions include the Liquid Network, which has facilitated over $1.8 billion in asset issuances since 2018, and the Lightning Network. Blockstream aims to use these funds to bridge the gap between Bitcoin and the broader financial sector, marking a significant phase in its growth. The company has also appointed Michael Minkevich as Chief Operating Officer to steer this expansion. This fundraising follows Blockstream's recent security token launch, providing investors exposure to its Bitcoin mining operations.