The post Blockstream Announces Major Growth & Expansion Plans For 2025 Following $210M Raise appeared on BitcoinEthereumNews.com.

Blockstream, a leader in Bitcoin-powered financial infrastructure, has shared a new update detailing its growth plans for 2025. Following a successful $210 million raise in October 2024 led by Fulgur Ventures, the company is accelerating its development across infrastructure, software, mining, and institutional investment offerings. “We are at a pivotal moment for Bitcoin’s growth,” stated Blockstream Co-Founder and CEO Dr. Adam Back. “Spot ETFs have opened the floodgates, institutions are rushing to engage with Bitcoin, and individual interest is accelerating. As we look ahead, we will continue to explore ways to deliver the greatest impact with a focus on building the financial rails and infrastructure to help secure Bitcoin’s success long term.”  As part of its broader expansion, Blockstream Mining will now operate as an independent company under the same brand, having secured over $350 million in funding through a mix of equity, debt, and investments in the Blockstream Mining Note (BMN2). Chris Cook, former President of Blockstream Mining, will lead the new entity as CEO, while Adam Back will continue to support in an advisory role. Blockstream Satellite will also fall under this newly independent arm. FOR IMMEDIATE RELEASE Blockstream announces key strategic update for 2025. We’re scaling across the full Bitcoin financial stack and accelerating development and investment across multiple areas, with new products for institutional, enterprise, and consumer users debuting later… — Blockstream (@Blockstream) April 30, 2025 Blockstream’s ASIC division is being spun out as a separate company under the leadership of Assaf Gilboa, formerly EVP of Hardware. A second funding round is already underway, aimed at advancing ASIC R&D and foundry capabilities.  In parallel, the company is deepening its institutional offerings. February saw the launch of Blockstream Asset Management (BAM), a new division creating investment products for pensions, endowments, and other institutional clients. Led by veteran…

---

Filed under: News - @ May 1, 2025 10:19 pm