Lavas 200 Million Milestone
Lava, a Bitcoin-focused financial platform, has raised 200 million to scale its global Bitcoin-backed credit product, known as BLOC. The announcement was made by CEO Shehzan Maredia, who called it the biggest day in Lavas history.
The funding round attracted support from major investors, including Peter Thiels Founders Fund, Khosla Ventures, and Susquehanna. Other participants included Anthony Pompliano of Procap and Eric Jackson, founder and president of EMJ Capital.
Maredia said the new capital will fuel the expansion of Lavas credit services and enhance its financial products for Bitcoin holders. The companys mission is to give users financial freedom through Bitcoin-backed lending, self-custody solutions, and BTC savings.
