Bitcoin infrastructure company 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 a hashrate generated by Bitcoin miners in Blockstream’s colocation facilities. 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 the participation of investors in Bitcoin’s Proof-of-Work, the BMN is also strengthening Bitcoin’s resistance to security and censorship. It’s a win-win situation. “
With BMN, investors can mitigate risks beyond a traditional investment in physical mining infrastructure. by more easily adjusting their exposure to Bitcoin mining by packaging mining in a tradable token.
STOKR, an EU-based marketplace for digital investments in alternative assets, will host the BMN security token offering and issue the tokens in successive fungible tranches. The first tranche is expected to 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. “At STOKR, we pride ourselves on giving investors in various countries the opportunity to actively support Blockstream’s efforts and participate in Bitcoin mining activities.”
Authorized investors can register to gain access to the BMN security token offer Here.