Blockstream Corp. is making headlines with its recent fundraising success. The company, known for its Bitcoin infrastructure, has raised $210 million through a convertible note offering. This money will help accelerate the rollout of their layer-2 technologies, expand mining operations, and buy more cryptocurrency.
The funding round was led by Fulgur Ventures, which is a significant move for the Montreal-based firm. Blockstream announced this exciting news in a statement on Tuesday. Founded in 2014 by CEO Adam Back, Blockstream has been a pioneer in the crypto infrastructure space.
In addition to the funding news, Blockstream has also appointed Michael Minkevich as its new chief operating officer. Minkevich comes from Luxoft Holdings Inc., where he was responsible for product engineering. His expertise will surely benefit Blockstream as they continue to grow.
This is an important development for the crypto industry. With these funds, Blockstream is poised to enhance its technology and operations significantly. It’s an exciting time for the company and its stakeholders.