Lava, a bitcoin-centric financial platform, has successfully raised $200 million to launch a global bitcoin-backed line of credit (BLOC). This new product offers users the ability to access immediate USD liquidity without the need to sell their bitcoin holdings, with borrowing rates starting at 5%. The initiative is supported by prominent investors including Founders Fund, Khosla Ventures, Susquehanna, and notable figures such as Anthony Pompliano and Eric Jackson. Lava's BLOC is now operational and accessible via lava.xyz.