Blockstream is a blockchain technology company led by co-founder Adam Back, headquartered in Victoria, British Columbia, Canada, with offices and staff worldwide.[1] The company develops products and services for the storage and transfer of cryptocurrency.[2]
The company raised $210 million in a Series B round in August 2021, reaching a $3.2 billion valuation,[3] from investors including venture capital firms Horizons Ventures and AXA Strategic Ventures.[4] In October 2024, Blockstream raised an additional $210 million through a convertible note offering led by Fulgur Ventures, with funds earmarked for expanding its layer-2 technologies, mining operations, and bitcoin treasury.[5][6]