Blockchain technology firm Blockstream has successfully raised $210 million in debt financing to accelerate its Bitcoin layer-2 strategy and infrastructure projects.
The funding round, led by Fulgur Ventures, comes just weeks after Blockstream launched a security token offering in Europe, signalling the company’s strong commitment to expanding its Bitcoin-based financial products and solutions.
Blockstream has long been at the forefront of Bitcoin’s scalability efforts.
One of its key innovations, the Liquid Network, is a Bitcoin sidechain designed to enable faster transactions and facilitate asset issuance, including stablecoins and security tokens.
The network currently holds over 3,800 Bitcoin and has supported the issuance of more than $1.8 billion worth of assets.
The recent funding will not only fuel the development of the Liquid Network but also support other Bitcoin infrastructure projects such as Blockstream’s mining operations and financial product development.
In September, Blockstream launched the second iteration of its security token, Blockstream Mining Note 2 (BMN2), aimed at institutional investors seeking exposure to Bitcoin’s mining hash rate.
The success of this token offering builds on the positive returns of Blockstream’s first security token, BMN1, which delivered a 32% Bitcoin return over its three-year term.
With the growing adoption of Bitcoin layer-2 solutions like the Liquid Network and the Lightning Network, Blockstream is positioning itself as a leader in making Bitcoin faster, more scalable, and suitable for new financial products.
