BlockStream announces major growth and expansion plans for 2025 after $210 million salary increase
BlockStream, a leader in Bitcoin-powered financial infrastructure, has shared a new update detailing its 2025 growth plan. The company is accelerating the development of its cross-infrastructure, software, mining, mining and institutional investment products after a $210 million rise led by Fulgur Ventures in October 2024.
“We are at a critical moment in Bitcoin’s growth,” said Adam Back, co-founder and CEO of Blockstream. “Spot ETFs have opened the floodgates, institutions are eager to interact with Bitcoin, and personal interests are accelerating. As we look forward, we will continue to explore ways that can make the most impact, focusing on building financial tracks and infrastructure to help ensure Bitcoin’s long-term success.”
As part of its broader expansion, Blockstream Mining will now operate as an independent company under the same brand and has received more than $350 million in funding through equity, debt and investment in BlockStream Mining Notes (BMN2). Chris Cook, former president of Blockstream Mining, will lead the new entity as CEO, while Adam will continue to support the consulting role. Blockstream satellites will also land under this new independent arm.
BlockStream’s ASIC division is under the leadership of Assaf Gilboa, a former hardware EVP, as an independent company. A second round of funding has been conducted to improve ASIC R&D and casting capabilities.
Meanwhile, the company is deepening its institutional products. February saw the launch of Blockstream Asset Management (BAM), a new division that creates investment products for pensions, donations and other institutional clients. BAM is led by senior hedge fund manager Sean Bill, which leverages Blockstream’s full technology stack.
In January, Blockstream Capital Partners completed a $75 million investment in Komainu, enhancing its custody and non-switch solutions through the integration of BlockStream’s Liquid Network and AMP platform.
Development on Bitcoin Layer 2 solutions such as Liquid and Lightning will continue to be a focus, as well as the upcoming launch of new self-customer solutions, including Jade Plus. According to the announcement, it is expected to launch a new product announcement in 2025 Bitcoin in Las Vegas in May this year.
Blockstream’s new Tokyo office and a dedicated research center in Lugano are expanding its global presence while reaffirming its long-term commitment to Bitcoin innovation.
