Bitcoin infrastructure firm Blockstream has raised $210 million in a convertible note financing round. The funds will be used to accelerate adoption and development of the company's layer-2 technologies, expand its mining operations, and grow its bitcoin treasury. Blockstream also announced the appointment of Michael Minkevich as chief operating officer. Blockstream's layer-2 solutions include the Liquid and Lightning networks, which help reduce bottlenecks with scaling and data. Co-founder and CEO Dr. Adam Back described the funding round as a "defining moment" for the company.



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