Funding of $210 million secured by Blockstream to propel advancements during the upcoming Bitcoin development phase

Blockstream, a leading Bitcoin infrastructure company, has secured $210 million in a funding round led by Fulgur Ventures. This investment is seen as a crucial step towards bridging Bitcoin with traditional finance.

The funding, raised through convertible notes, will be used to accelerate the development of layer-2 solutions, expand Bitcoin mining operations, and grow the Bitcoin treasury. Blockstream's Bitcoin treasury is one of the largest in the world.

Adam Back, CEO of Blockstream, expressed excitement about the capital raise and welcomed Michael Minkevich as the new Chief Operations Officer. Minkevich, the newer COO of Blockstream, brings a wealth of experience to the company.

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The investment has the potential to reshape the future of both the cryptocurrency and the financial industry. Blockstream's mission to integrate Bitcoin with the broader financial system is now one step closer to reality.

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In conclusion, the funding round led by Fulgur Ventures is a significant development for Blockstream and the broader cryptocurrency industry. The investment will help advance Blockstream's mission and potentially reshape the future of both the cryptocurrency and financial markets.

Funding of $210 million secured by Blockstream to propel advancements during the upcoming Bitcoin development phase