Breaking: Blockstream Betreedt Crypto Unicorn Club Met $ 210 Miljoen Serie B Fundraise

Bitcoin infrastructure company Blockstream has closed a $ 210 million Series B funding round to enter the aggressively growing crypto unicorn club. Blockstream’s valuation rose to $ 3.2 billion. The funding round was joined by tether and Bitfinex’s parent company iFinex, along with Scottish investment firm Baillie Gifford.

The Bitcoin infrastructure provider aims to expand ASIC’s mining infrastructure and create new products for the crypto Sunday using new rising capital. The latest round of funding is also linked to the Israeli bitcoin mining equipment maker’s acquisition of Spondoolies. The company will join Blockstream in the development of its ASIC mining unit.

Samson, Blockstream’s chief executive, said the company was working on the next part of the expansion, which will include bitcoin mining products and financial solutions. He explained,

“We are now mixing the bitcoin worlds of Finance and industrial mining, but the financial aspect of our business will grow,” MOU said. “Alpha funds, we’re actually going to have hedge fund-type products like bitcoin Alpha funds and US dollar Alpha funds and other innovative things that we’re not talking about right now.”

Miners under Blockstream brand to launch next year
Blockstream aims to further expand its Series B funding round, raising about $ 300-400 million. The latest funding round comes about five years after the series A funding round. MOU has said for longer than anyone that they are a real bitcoin company. He said the company is balancing bitcoin, which is good for micro strategy. He decried the reason for such a large gap between the first and second round of funding, arguing that it was mainly because they did not need these October funds.

Adam Beck, the company’s chief executive, said he expected miners under the blockstream brand to enter the Sunday market by the third quarter of 2022. Said:,

“In fact, the Miners under the Blockstream brand are expected to be in the 3rd quarter of next year. we expect it to come out in the quarter,”he said.

 

 

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