Bitcoin 
$93,619 infrastructure company Blockstream confirms it has raised hundreds of millions in funding ahead of Bitcoin’s next significant movement. In a recent post on the social media platform X, Blockstream announced the completion of a $210 million financing round led by Fulgur Ventures.
Funding Process
Fulgur Ventures is a venture capital firm focusing on Bitcoin and Lightning Network initiatives. Blockstream stated that the funds will be used to accelerate layer-2 developments, expand BTC mining operations, and grow one of the largest BTC treasuries in the world.
Blockstream’s CEO Adam Back commented on the successful funding round and the addition of a newly appointed executive: “This fundraising is critically important in our journey to bridge Bitcoin with broader financial structures. We are excited to welcome Michael Minkevich as our COO and appreciate Fulgur Ventures’ support in advancing Bitcoin finance.”
Funding Details
The $210 million funding round was closed in the form of convertible notes that can be converted into equity in a future financing round. It is noted that this round represents a significant step in Blockstream’s mission to connect Bitcoin with the broader financial sector.
According to the announcement, this funding round is seen as a process that could yield significant implications for Bitcoin and the financial industry. While supporting the development of blockchain technology, Blockstream aims to pave the way for financial integration.
The addition of new CFO Michael Minkevich will enhance Blockstream’s operational capacity and support the company in achieving its strategic goals. The success of this funding round will play a vital role in accelerating Blockstream’s future projects and contributing more to the Bitcoin ecosystem.
This development is viewed as part of global efforts to strengthen Bitcoin’s financial infrastructure. The funds obtained by Blockstream solidify the company’s leading position in Bitcoin and related technologies while increasing its growth potential.
