Mezo, a Bitcoin scaling network developed by Thesis, has secured a $7.5 million strategic round led by Ledger Cathay Fund, the venture arm of Ledger wallet provider. This funding round also saw participation from ArkStream Capital, Aquarius Fund, Flowdesk, GSR, Origin Protocol, and Mantle EcoFund.

Mezo, which emerged from stealth in April with a $21 million round led by Pantera Capital, aims to build a "Bitcoin economic layer" that allows Bitcoin holders to earn yield. The company has now raised a total of $30 million.

The platform has onboarded 12,000 users who have deposited approximately 2,376 BTC, worth about $160 million. The new capital will be used to accelerate network adoption and integrate with other products, including its Bitcoin staking platform, Acre.

Although Mezo has not launched the MEZO token, future plans will be announced later. The company currently uses a points-based program called "Proof of HODL" to generate scores based on the duration Bitcoins are held.