“This fundraise permits us to speed up the [year-over-year] income development we created with our 2021 Sequence B and proceed to construct infrastructure for the longer term Bitcoin financial system,” stated Blockstream President and Chief Monetary Officer Erik Svenson. “We stay targeted on decreasing threat for institutional bitcoin miners and enabling enterprise customers to construct high-value use circumstances on probably the most safe, strong and scalable blockchain on the earth – Bitcoin,” he added.