According to PANews, London-listed Pri0r1ty Intelligence Group PLC has successfully raised $1 million (approximately £750,000) to expand the Bitcoin liquidity of its Lightning Network routing nodes. The company plans to use the funds, in line with its approved Bitcoin financial management policy, to increase the Lightning Network's Bitcoin liquidity to at least 5 Bitcoins (around 500 million satoshis), aiming to accelerate network growth.
The Lightning Network is designed to offer users nearly instantaneous and low-cost Bitcoin transaction services. This expansion is expected to further support Pri0r1ty's efforts to scale its commercial Bitcoin trading operations.