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Blockstream Receives $125 Million Investment

Finally, infrastructure and technology company Blockstream, which received an investment of $ 210 million in August of 2021 and reached a valuation of $ 3.2 billion at that time, managed to receive an investment of $ 125 million at a time when the crypto industry was in crisis. In the statement made by Blockstream, no information was given about the valuation of the company with this investment. As it will be remembered, with the recent crises, Blockstream’s company value dropped to 1 billion dollars in December.

In the statement made by Blockstream, no information was given about the valuation of the company with this investment. As it will be remembered, with the recent crises, Blockstream’s company value dropped to 1 billion dollars in December.

“Thanks to our strong infrastructure and the success of our past operations, there is more and more demand for Blockstream’s hosting services, especially during this time of limited availability. The new investment will be used to expand mining and hosting services.”

As it is known, the CEO of Blockstream company is Adam Back, one of the early developers of Bitcoin. For a while, there were also allegations that Back was Satoshi Nakamoto.

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