{"id":51652,"date":"2021-10-22T17:47:54","date_gmt":"2021-10-22T14:47:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51652"},"modified":"2025-09-03T00:57:13","modified_gmt":"2025-09-02T21:57:13","slug":"blockstream-raises-36m-through-sale-of-bitcoin-hashrate-backed-security-tokens","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blockstream-raises-36m-through-sale-of-bitcoin-hashrate-backed-security-tokens\/","title":{"rendered":"Blockstream raises $36m through sale of Bitcoin hashrate-backed security tokens"},"content":{"rendered":"<p>The infrastructure company Blockstream placed the sixth tranche of Bitcoin hashrate-backed security tokens. As a result, the firm lifted the total amount raised through the sale of Blockstream Mining Note (BMN) to \u20ac30.9 million (~$36 million).<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\nhttps:\/\/twitter.com\/Blockstream\/status\/1451329191367094274\n<\/div>\n<\/figure>\n<p>The sale of the latest BMN tranche yielded the company \u20ac13.9 million (~$16.1 million).<\/p>\n<p>According to the statement, the sixth tranche was the largest, after which the number of tokens surpassed 122 and the number of investors grew to nearly 70.<\/p>\n<p>Blockstream <a href=\"https:\/\/forklog.com\/en\/news\/blockstream-to-launch-hash-rate-backed-bitcoin-token\">announced the issuance of BMN<\/a> in March 2021. Each security token provides the holder with 2,000 TH\/s of the company\u2019s mining hashrate. The mined cryptocurrency over the three years from the start of mining will be stored in cold wallets until delivery to the eventual owner.<\/p>\n<p>The company believed the offering would appeal to investors seeking a quick, low-cost way to join Bitcoin mining\u2014without the need to purchase equipment, operate it, and maintain it.<\/p>\n<p>As of October 21, nearly 1.68 BTC have been mined per BMN. Mining has lasted 108 days of the 1,096 days stipulated by the agreement in the form of a <a href=\"https:\/\/forklog.com\/en\/news\/what-are-security-tokens-and-security-token-offerings-stos\">security token<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/cCeNKO2vgknWKkBAZVTAiZOcHiU97vpTpgLx0nNrcJd4wIYTBFY8NZOYYWFUv5IixISGwV0e9dBJxFE1DeoH9zdbD2qkXv2swx6upNwM3BAVN7srS0xz_S6f0pD86-ij_oorhTyo=s1600\" alt=\"Blockstream raises $36m through sale of Bitcoin hashrate-backed tokens\"\/><figcaption>Data: Blockstream.<\/figcaption><\/figure>\n<p>Blockstream&#8217;s partner in the BMN issue is the regulated platform STOKR, through which the asset&#8217;s initial offering is conducted. Participation is limited to accredited investors outside the United States.<\/p>\n<p>The company announced the listing of BMN on Bitfinex&#8217;s securities trading platform. In September 2021 <a href=\"https:\/\/forklog.com\/en\/news\/bitfinex-launches-kazakhstan-registered-platform-for-trading-tokenised-stocks-and-bonds\">launched the regulated Bitfinex Securities platform<\/a> in Kazakhstan.<\/p>\n<p>Trading of BMN on it is expected to begin in the coming weeks, with the asset set to be among the first to be listed.<\/p>\n<p>In August, iFinex, Bitfinex&#8217;s parent company, <a href=\"https:\/\/forklog.com\/en\/news\/blockstream-raises-210-million-at-a-3-2-billion-valuation\">invested in Blockstream<\/a> as part of a Series B financing round worth $210 million.<\/p>\n<p>Follow ForkLog updates on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockstream, the infrastructure company, placed the sixth tranche of Bitcoin hashrate-backed security tokens. As a result, the firm raised a total of \u20ac30.9 million (~$36 million) through the sale of Blockstream Mining Note (BMN).<\/p>\n","protected":false},"author":1,"featured_media":51653,"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-51652","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":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51652","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=51652"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51652\/revisions"}],"predecessor-version":[{"id":51654,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51652\/revisions\/51654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/51653"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=51652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=51652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=51652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}