{"id":39853,"date":"2021-03-30T20:43:04","date_gmt":"2021-03-30T17:43:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39853"},"modified":"2025-08-30T11:33:02","modified_gmt":"2025-08-30T08:33:02","slug":"blockstream-to-launch-hash-rate-backed-bitcoin-token","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blockstream-to-launch-hash-rate-backed-bitcoin-token\/","title":{"rendered":"Blockstream to launch hash-rate-backed Bitcoin token"},"content":{"rendered":"<p>The infrastructure company Blockstream announced the issue of security tokens designed to give investors access to mining the first cryptocurrency.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Now even more investors can get involved in <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> mining. The <a href=\"https:\/\/twitter.com\/hashtag\/BlockstreamMiningNote?src=hash&#038;ref_src=twsrc%5Etfw\">#BlockstreamMiningNote<\/a> (BMN) provides more flexibility than traditional investment in physical mining infrastructure by packaging <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> mining into a tradable <a href=\"https:\/\/twitter.com\/Liquid_BTC?ref_src=twsrc%5Etfw\">@Liquid_BTC<\/a>-based token. \ud83c\udf0a\u26cf\ufe0f\ud83d\udc8e <a href=\"https:\/\/t.co\/J2PSJndwEE\">https:\/\/t.co\/J2PSJndwEE<\/a> <a href=\"https:\/\/t.co\/OJMWOwobuN\">pic.twitter.com\/OJMWOwobuN<\/a><\/p>\n<p>\u2014 Blockstream (@Blockstream) <a href=\"https:\/\/twitter.com\/Blockstream\/status\/1376876978083663874?ref_src=twsrc%5Etfw\">March 30, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Each Blockstream Mining Note (BMN) will grant the holder the right to mine Bitcoin at a hashrate of 2000 TH\/s at Blockstream&#8217;s facilities in the United States and Canada. The mined cryptocurrency will be stored in cold storage until delivery to the ultimate holder after 36 months.<\/p>\n<p>The first BMN tranche worth \u20ac12.5 million will go on sale on 7 April 2021. The offering is open to accredited investors outside the US. The minimum investment amount will be \u20ac200,000 or equivalent in Bitcoin, including via <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-liquid-network\">Liquid Network,<\/a> and USDT.<\/p>\n<p>Mining backed by BMN is planned to begin by July 9.<\/p>\n<p>Beginning in mid-Q3 and over the course of a year Blockstream plans to issue token batches on a monthly basis. The total issuance will amount to \u20ac85 million.<\/p>\n<p>After the initial investment, the asset will trade on the over-the-counter market with a minimum denomination of 0.1 BMN.<\/p>\n<p>The company&#8217;s partner in the project is the regulated platform <a href=\"https:\/\/forklog.com\/en\/news\/what-are-security-tokens-and-security-token-offerings-stos\">security tokens<\/a> STOKR from Liechtenstein.<\/p>\n<p>Blockstream says the offer will appeal to investors seeking a quick and low-cost way to participate in Bitcoin mining\u2014without the need to purchase equipment, operate it and maintain it.<\/p>\n<p>The offer will provide additional flexibility by allowing investors to adjust their exposure through the secondary market, the firm said.<\/p>\n<p>In 2021, Blockstream continued to boost its hashrate by purchasing Bitcoin miners for $25 million from the Chinese manufacturer MicroBT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The infrastructure company Blockstream announced the release of security tokens designed to give investors access to mining the first cryptocurrency.<\/p>\n","protected":false},"author":1,"featured_media":39854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[307,1137,870],"class_list":["post-39853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockstream","tag-cryptocurrency-mining","tag-security-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=39853"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39853\/revisions"}],"predecessor-version":[{"id":39855,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39853\/revisions\/39855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/39854"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=39853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=39853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=39853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}