The company raised $210 million in debt financing less than a month after launching a security token offering in Europe.
Blockchain technology firm Blockstream has expanded its capital-raising efforts, securing $210 million in financing through a convertible notes round led by Fulgur Ventures.
According to an Oct. 15 announcement, the debt will support Blockstream’s ongoing Bitcoin infrastructure projects, including its layer-2 strategy, mining operations and financial products development.
Among Blockstream’s flagship products is the Liquid Network, a Bitcoin sidechain launched in 2018 to provide faster transactions and asset issuances, such as stablecoins and security tokens.
