Blockstream raises $210 million to enhance Layer 2 technology adoption and expand Bitcoin mining operations.
Solv Protocol’s $11 million funding aims to simplify Bitcoin staking and unlock new DeFi integration opportunities.
Key player in the development of Bitcoin infrastructure, Blockstream, has obtained $210 million in convertible note funding. Under direction by Fulgur Ventures, the investment seeks to increase Blockstream’s Bitcoin mining activities and hasten the acceptance of Layer 2 technologies, including the Liquid Network.
Blockstream is using this money to position itself to profit from the forthcoming Bitcoin market cycle, therefore augmenting its already existing Bitcoin holdings. As the business keeps becoming more important in the ecosystem and linking Bitcoin with more general financial institutions, this calculated action comes as natural.
Blockstream has closed a $210M convertible note financing round led by @FulgurVentures, driving our mission to bring Bitcoin i

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