Blockstream Secures Billions for Bitcoin Lending Funds
A surge in Bitcoin prices has spurred a revival in crypto lending, which allows investors to access cash without selling their cryptocurrencies.
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Bitcoin developer Blockstream Corp. has secured a multibillion-dollar investment to launch three funds, including two that will enable crypto lending, according to people familiar with the matter.
The investment signals renewed appetite for a practice that fell out of favor after the collapse of Sam Bankman-Fried’s FTX in late 2022, but is set to benefit from a run-up in Bitcoin prices and a pro-crypto White House.