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Blockstream publishes the Bitcoin mining security token Blockstream Mining Note (BMN) on STOKR

Blockstream mining facilities in Georgia, USA

By expanding the participation of investors in Bitcoin’s Proof-of-Work, the BMN is also strengthening Bitcoin’s security and censorship resistance. It’s a win-win situation.

Bitcoin infrastructure leader Blockstream today announced the issuance of a brand new liquid security token, the Blockstream Mining Note (BMN), on STOKR. As an EU-compliant security token, the BMN offers investors an alternative investment opportunity to get involved in Bitcoin mining.

Each BMN token entitles investors to hashrates generated by Bitcoin miners at Blockstream’s colocation facilities around the world. Blockstream is the only mining colocation provider that can meet the needs of the largest financial institutions worldwide.

“The BMN leverages our extensive experience in Bitcoin mining and offers investors upfront fixed rates with improved tradability,” said Dr. Adam Back, CEO at Blockstream. “By expanding investor participation in Bitcoin’s proof-of-work, the BMN is also strengthening Bitcoin’s security and censorship resistance. It’s a win-win situation.”

The BMN enables investors to mitigate risks beyond the scope of a traditional investment in physical mining infrastructure by more easily customizing their exposure to Bitcoin mining by packaging mining in a tradable token (depending on market liquidity).

STOKR, the EU’s breakthrough digital investment market for alternative assets, will host the BMN security token offering and will issue the tokens in successive fungible tranches. It is confirmed that the first tranche will go on sale on April 7, 2021 for at least EUR 12.5 million with a term of 36 months. The offer is open to non-US-qualified investors with a minimum investment of € 200,000 or the equivalent in Bitcoin (BTC), Liquid Bitcoin (L-BTC) or Tether (USDt). BMN dismantling is expected to begin in late 2021Q2 Subsequent tranches will be issued monthly for the following 12 months from mid-2021Q3.

“Blockstream is a leader in the development of bitcoin protocols and infrastructures and a driving force in the bitcoin mining ecosystem,” said Arnab Naskar, co-founder of STOKR Support Blockstream’s efforts and participate in the bitcoin mining activities . “

Eligible investors can register at https://stokr.io/blockstream-mining to get access to the BMN security token offer and to receive regular updates.

Via blockstream

Blockstream is the world’s leading provider of bitcoin and blockchain infrastructures. Blockstream’s sidechain (liquid network) technology enables faster processing of Bitcoin and enables financial institutions to tokenize assets. Blockstream Mining provides enterprise-class mining facilities for the colocation of Bitcoin mining operations. The Cryptocurrency Data Feed, developed in cooperation with Intercontinental Exchange, delivers first-class real-time and historical exchange data. Blockstream Green is the world’s most advanced Bitcoin wallet for consumers. Blockstream was founded in 2014 with offices and team members around the world.

About STOKR

STOKR is the EU’s pioneering digital investment market for alternative assets, where smart investors connect with and fund innovative companies. STOKR frees access to high-quality investment opportunities from the inner circle of traditional venture capital. Through EU-compliant security token offerings (STOs), STOKR enables both professional and private investors to deal directly with young and growing companies in a simplified and risk-reducing environment without the need for intermediaries such as custodians or brokers. STOKR operates out of Luxembourg and promotes a community of educated investors who participate in the future success of a large number of companies through profit-sharing or sales-sharing rights.

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