blockstream finance
Fourth Tranche of the Blockstream Mining Note Available from Wednesday, Oct. 6
September 29, 2021
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Blockstream is proud to announce that the fourth tranche of the Blockstream Mining Note Series 1 (BMN1) will be available to investors on STOKR, Wednesday, October 6th, 2021 (10.00 AM CET).

Tranche four will total €2.6M (~ $3M USD) and each BMN1 will be offered at €250,000 (~ $292,000 USD).

Tranche three was significantly oversubscribed and was fully allocated in just two minutes.

While we were excited to see such strong demand for the BMN1, a number of interested investors were, unfortunately, unable to secure their desired allocations. Given the strong demand demonstrated in tranche three and our commitment to broadening access to Bitcoin mining, tranche four will be capped at one BMN1 per investor.

Investors that already hold >= 1 BMN can participate in this tranche in units as small as 0.01 BMN via the BMN investment page. Investors that hold <= 1 BMN can participate in this tranche if their investment in tranche four will bring their total position to >= 1 BMN.

Tranche four will be completely fungible with previous BMN1 tranches and will bring the total issuance of BMNs to €14M (~ $16.3M USD).

The Blockstream Mining Note

The BMN provides qualifying investors exposure to Bitcoin mining through a security token issued on the Liquid Network. Each BMN1 entitles investors to up to 2,000 TH/s of Bitcoin mined at our enterprise-grade mining facilities.

Since the launch of the first BMN1 tranche on April 7, 2021, the BMN has raised a total of €11.3M ($13.3M) with almost 53 BMN1 issued to a diverse range of corporate and individual.

In the 70 days since mining began, each BMN has averaged 0.0166 BTC per day for a total of 1.41 BTC. Mining progress can be tracked here.

Coming soon to Bitfinex Securities

We’re very excited to see the launch of Bitfinex Securities Ltd, a regulated new security token (STO) exchange, and are pleased to report that the Blockstream Mining Note (BMN) is on track to list on Bitfinex Securities mid Q4 21, making it one of the first assets listed on this new platform. The Bitfinex tranche and listing are proceeding on schedule and we look forward to executing this tranche in the coming weeks.

Get Familiar With The Fourth Tranche on STOKR

The BMN is available to non-US, qualifying investors. To learn more about the third tranche, please visit STOKR.