# Blockstream Raises $210M

**Published:** 2026-07-20T17:11:40.161Z  
**Topic:** Layer 2 Scaling  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/e4cb70c8-d5bd-4368-9cac-d82b82bf75c4

Blockstream secures $210M funding to drive layer-2 growth, expand Bitcoin treasury, with over $1.8B in assets issued on Liquid Network, aiming to bridge

Blockstream has raised $210 million in a convertible note financing round led by Fulgur Ventures, marking a significant shift in its evolution as a global leader in financial infrastructure technology powered by Bitcoin [1]. The capital will be used to accelerate the market adoption and development of Blockstream’s layer-2 technologies, expand its mining operations, and significantly grow its Bitcoin Treasury, positioning it as one of the largest publicly known treasuries in the world.

| At a glance | |
|---|---|
| Funding | $210 million |
| Led by | Fulgur Ventures |
| Assets on Liquid Network | over $1.8 billion |
| Bitcoin Treasury growth | significant expansion |

## What drove the move
The latest fundraise represents a defining moment for Blockstream as it embarks on a critical new phase of growth to further bridge the gap between Bitcoin and the wider world of finance [1]. Blockstream’s layer-2 solutions, powering both the Liquid and Lightning networks, address growing demand from enterprises for secure, scalable Bitcoin-based financial products. The Liquid Network, a layer-2 solution conceived by Blockstream co-founder and Chief Executive Dr. Adam Back, provides faster transactions, confidential transactions, and new asset types such as securities and digital collectibles [2].

## The competitive picture
Blockstream’s comprehensive financial infrastructure solution works in tandem with its Lightning Network implementation, Core Lightning, and hosted cloud infrastructure service, Greenlight [1]. This integration consolidates issuance and transactions for assets, stablecoins, and Bitcoin, uniquely positioning Blockstream among competitors that typically focus solely on either payments or token issuance. The company has also appointed Michael Minkevich as Chief Operating Officer, who brings over two decades of experience in developing advanced technological solutions for traditional industries, including finance [1].

The Liquid Network has been used for various financial services, such as Mexican fintech operator Mifiel digitizing over $1 billion in promissory notes for debt financing between lenders and global investment banks on the network [2]. The network has amassed over $1.8 billion in assets, including stablecoins, tokenized bonds, and securities, with over 3,844 BTC locked on-chain [1].

## What to watch
* The expansion of Blockstream's mining operations and its impact on the Bitcoin network
* The growth of the Liquid Network and its adoption by enterprises for secure, scalable Bitcoin-based financial products
* The development of new asset types and use cases on the Liquid Network, such as securities and digital collectibles

The significance of Blockstream's $210 million funding round lies in its potential to drive the adoption of Bitcoin and blockchain technology in traditional finance, and to position Blockstream as a leader in the industry [1]. As the company continues to expand its operations and develop new technologies, it will be important to monitor its progress and the impact of its efforts on the broader cryptocurrency market.

## Sources
1. Blockstream — [Blockstream Secures $210M Led by Fulgur Ventures to Drive Layer-2 Growth and Expand Bitcoin Treasury](https://blockstream.com/press-releases/2024-10-15-blockstream-secures-210m-dollars-led-fulgur-ventures-drive-layer-2-growth-expand-bitcoin-treasury/)
2. Siliconangle — [Blockstream raises $210M to boost bitcoin blockchain layer 2 scaling technology - SiliconANGLE](https://siliconangle.com/2024/10/16/blockstream-raises-210m-boost-bitcoin-blockchain-layer-2-scaling-technology/)

---
Cite as: TrendWatcher, "Blockstream Raises $210M", https://www.trendwatcher.in/article/e4cb70c8-d5bd-4368-9cac-d82b82bf75c4