Blockstream Raises $210M in Convertible Note Financing Round
Summary
Blockstream has secured $210 million in convertible note financing led by Fulgur Ventures. The funds will support the development of layer-2 technologies, expansion of mining operations, and growth of its bitcoin treasury. Blockstream's layer-2 solutions include the Liquid and Lightning networks, which enhance scalability and data processing. Michael Minkevich has been appointed as the new chief operating officer, bringing experience from Luxoft. This funding marks a significant growth phase for Blockstream, aiming to integrate bitcoin more closely with global finance.
