Blockstream Launching Security Token Blockstream Mining Note

Blockchain technology company Blockstream announced in a post the launch of the Blockstream Mining Note (BMN), a security token that expands exposure to Bitcoin mining to even more investors.

The BMN provides non-US qualified investors access to hashrate generated at Blockstream’s mining facilities. Bitcoin mined by the BMN is held in cold storage before being delivered to the final token holders at the end of its three-year term.

The first €12.5 million (~$15 million) tranche is confirmed to go on sale on April 7th, 2021, with a 36-month term from the commencement of the BMN mining operations. The offering is open to non-US qualified investors with a minimum investment of approximately €200,000 (~$240,000), or the equivalent in Bitcoin (BTC), Liquid Bitcoin (L-BTC), or Tether (USDt).

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