Bitcoin 
$67,169 infrastructure firm Blockstream is raising hundreds of millions of dollars in funding ahead of Bitcoin’s next big move. With its post on social media platform X, Blockstream confirmed that it completed the $ 210 million financing round under the leadership of Fulgur Ventures.
Funding Process
Fulgur Ventures is a venture capital firm focused on Bitcoin and Lightning Network ventures. Blockstream announced that the funding it raised will be used to accelerate layer-2 development, expand BTC mining operations, and grow one of the world’s largest BTC treasuries.
Blockstream CEO Adam Back commented on the successful funding round and the addition of the newly appointed manager:
“This fundraising is critical in our journey to bridge Bitcoin to broader financial structures. “We are excited to welcome Michael Minkevich as COO and support Fulgur Ventures in advancing Bitcoin finance.”
Financing Details
The $210 million financing round was closed in the form of convertible notes that can be converted into shares in a future financing round. This round is stated to be an important step in Blockstream’s mission to connect Bitcoin with the broader financial sector.
According to the announcement, this financing round is considered a process that could have significant consequences for Bitcoin and the financial industry. Blockstream aims to pave the way for financial integration while continuing to support the development of blockchain technology.
The addition of new CFO Michael Minkevich will increase Blockstream’s operational capacity and support the company in achieving its strategic goals.
The success of the funding round will play an important role in Blockstream accelerating its future projects and contributing further to the Bitcoin ecosystem.
This development is seen as part of global efforts to strengthen Bitcoin’s financial infrastructure.
This financing obtained by Blockstream reinforces the company’s leading position in Bitcoin and related technologies, while also increasing its future growth potential.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
