Blockstream, one of the earliest established companies (2014) in the crypto world, operating on Bitcoin and related technologies, received an investment of $210 million. Fulgur Ventures, which provides infrastructure services on Bitcoin and the Lightning Network, led the investment round.

“Preparing for the next Bitcoin cycle…”

In the statement, it was stated that the investment will be spent on the expansion and adoption of Blockstream’s layer 2 network, mining activities and the purchase of more Bitcoin. In the statement, the statement that the investment in mining activities ‘will be preparation for the next Bitcoin cycle’ also drew attention.

“We are entering a critical growth period”

Speaking about the investment, founder Adam Back said, “This investment has been an important milestone for Blockstream. We are entering a new and critical period of growth to bridge the gap between Bitcoin and the wider financial world.”

Liquid advances in tokenisation

It was stated that Liquid Network, Blockstream’s Bitcoin side-chain service, will also advance tokenisation services with this investment. Liquid is aimed to be an ‘accepted infrastructure’ for the tokenisation of real-world assets in the Bitcoin ecosystem.

So far on Liquid; $1.8 billion of assets have been issued, including stablecoins, tokenised bonds and securities. On the chain, 3844 BTC worth approximately $250 million is locked on the chain.