Blockstream raises $210M to accelerate Bitcoin adoption
Blockstream raises via a convertible note financing round led by Fulgur Ventures
Hi Bitcoin Builders,
This week, Blockstream raised $210M. Blockstream, founded by legendary Bitcoiner Adam Back, has raised the funds for a few purposes:
To accelerate layer-2 development
To expand mining ahead of the next Bitcoin cycle
To grow their BTC treasury
Blockstream’s Layer 2 solution, Liquid, is a sidechain that focuses on confidential transactions and tokenized assets on Bitcoin.
Congrats to the Blockstream team!
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