PANews reported on October 15 that according to The Block, Bitcoin infrastructure development company Blockstream announced the completion of $210 million in convertible bond financing, led by Fulgur Ventures. Blockstream plans to use the funds to accelerate the market application of its Layer 2 technology, expand its Bitcoin mining business, and enhance Bitcoin reserves. Blockstream's Layer 2 solutions include Liquid Network and Core Lightning, which are designed to boost the speed and cost efficiency of Bitcoin transactions. In addition, Blockstream also plans to leverage the asset tokenization potential of the Bitcoin ecosystem to build Liquid into an infrastructure for tokenizing real-world assets.