Bitcoin infrastructure company Blockstream has completed a $210 million convertible note financing, led by Fulgur Ventures

ChainCatcher news, Bitcoin infrastructure company Blockstream has completed a $210 million convertible note financing, led by Fulgur Ventures. This round of financing will be used to accelerate the market adoption of its Bitcoin Layer 2 technology, expand its mining operations, and increase its Bitcoin reserves.

Blockstream's Layer 2 solutions include Liquid Network and Core Lightning.

It is reported that over $1.8 billion in assets have been issued on the Liquid Network, including stablecoins, tokenized bonds, and securities, with approximately 3,844 Bitcoins (worth about $250 million) locked on-chain. The company plans to position Liquid as the "de facto infrastructure" for the tokenization of physical assets within the Bitcoin ecosystem.