Today we are excited to announce that we have raised $210 million as part of our Series B financing on a valuation of $3.2 billion. Led by Baillie Gifford and iFinex, the operator of Bitfinex, this new investment will help further our mission of building financial infrastructure on Bitcoin.
The new capital will go towards accelerating our Bitcoin mining efforts and the acquisition of Spondoolies to launch an enterprise-grade miner, continuing to scale Bitcoin’s first and most robust sidechain (the Liquid Network), and expanding our team of dedicated hodlers across all departments to keep pace with growth.
We are also excited to welcome Baillie Gifford Investment Manager Allen Farrington to Blockstream as a board observer. He has been active in the Bitcoin community for many years and is also a strong believer in the work we are doing with the Liquid Network.“It is an honor to be involved with such an important company in the space and to be able to drive forward development of and institutionalization of both mining and the Liquid Network. I am convinced of the potential of tokenized securities on the Liquid Network to be transformative for the architecture of capital markets. Bitcoin-based development and Blockstream’s asset issuance and management platforms can contribute to meaningfully decentralizing financial infrastructure, democratizing control over investment products, and firmly embedding openness and programmability in capital markets. I look forward to working closely with Blockstream to make this a reality.” Allen Farrington
We look forward to Allen’s insights in helping Blockstream build the financial infrastructure of the future on Bitcoin.Engineering Bitcoin Infrastructure
Blockstream was founded by Dr. Adam Back and a group of developers passionate for Bitcoin and its potential to transform money. In 2014 we raised $21 million in seed funding and began building that vision through the Liquid Network, a Bitcoin si...