Blockstream and STOKR Launch Blockstream Mining Note 2 (BMN2) Following BMN1 Success
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Blockstream and Luxembourg-based digital asset marketplace STOKR are launching the Blockstream Mining Note 2 (BMN2), an EU-compliant hashrate-backed security token on the Liquid Network.
Today, we’re launching the next generation of Bitcoin mining investments: the Blockstream Mining Note 2 (BMN2).
— Blockstream (@Blockstream) July 18, 2024
It offers investors direct exposure to hashrate generated at our Bitcoin mining facilities through a tradable security token on @Liquid_BTC. https://t.co/xid8fKKPKt pic.twitter.com/6JrE5D0F46
The BMN2 builds on the success of BMN1, offering qualified non-U.S. investors exposure to Bitcoin mining without managing operations.
Success of BMN1
BMN1 achieved cash-on-cash returns of up to 108% over three years, generating an additional 325 Bitcoin.
BMN1 will pay out over 1,200 Bitcoin to investors on Liquid. BMN1 investors can roll over to BMN2 with a 3% bonus in additional BMN2 securities.
BMN2 Details
Each BMN2 entitles holders to Bitcoin produced by 1 PH/s (petahash per second) of hashrate at Blockstream’s North American mining operations, with a hashprice of $61.64 per PH/s for a 48-month term.
The primary offering began on July 18th, 2024, open to non-U.S. qualified investors with a minimum investment of $115,000 or $10,000 for professional investors, payable in BMN1, Bitcoin, LBTC, USDT, USD, or EUR.
Mining operations are expected to start by September 2024.
BMN2 can be traded peer-to-peer and on secondary markets, offering greater flexibility and liquidity than traditional mining investments.
BMN1 had an estimated trading volume of €18.23M over three years.
Expertise and Sustainability
BMN2 leverages Blockstream’s enterprise-grade North American mining facilities, trusted by clients like Fidelity and Foundry.
It will use 72% wind power. Blockstream’s CEO Dr. Adam Back emphasized BMN2’s role in offering a secure and profitable investment vehicle.
About Blockstream and STOKR
Blockstream specializes in Bitcoin and blockchain infrastructure, including the Liquid Network and Core Lightning protocol. Founded in 2014, Blockstream is globally distributed.
STOKR is a digital investment platform registered as a Virtual Assets Service Provider (VASP) with the CSSF in Luxembourg, simplifying the entry into digital securities.
Key Takeaways:
- BMN1 matured on July 6th, paying out over 1,200 Bitcoin to investors.
- BMN1 investors can roll over to BMN2 with a 3% bonus.
- BMN2 offers a hashprice of $61.64 per PH/s for 48 months.
- BMN2 uses 72% wind power.
- Investors benefit from daily performance updates and legal safeguards.
- BMN2 tokens can be traded P2P and on secondary markets.
- The primary offering of BMN2 started on July 18th, 2024, on STOKR.