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Blockstream Secures $210M to Boost Layer 2 and Mining Operations

  • Blockstream raises $210 million to enhance Layer 2 technology adoption and expand Bitcoin mining operations.
  • The funding will be used to accelerate the adoption of Layer 2 solutions for Bitcoin transactions and scale Bitcoin mining activities.
  • Blockstream aims to leverage its funds to establish industry leadership and profit from the forthcoming Bitcoin market cycle.
  • In a separate development, Solv Protocol secures $11 million to simplify Bitcoin staking and enable closer integration with DeFi platforms.

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