Blockstream Introduces 'Basic Note' in Anticipation of ASIC Market Recovery

Blockstream, a Bitcoin infrastructure company, has forged a partnership with STOKR, a pioneering digital asset platform from Luxembourg. Together, they have rolled out an innovative investment proposition: The Blockstream ASIC (BASIC) Note.

The previous Bitcoin bull market saw Bitcoin mining equipment, known as ASICs, experiencing a notable price increase. However, a substantial downturn followed, with values plummeting by December 2022. 

The newly launched BASIC initiative aims to accumulate $5 million via the issuance of its Series 1 BASIC Notes, each valued at $115,000. This would involve buying ASICs in large quantities, store them, and sell them as the market recovers.

Given the outstanding reception of the Blockstream Mining Note (BMN)—which drew $50 million from international backers over eight phases between 2021 and 2022—the debut of the BASIC Note has elicited significant market intrigue.

This investment offering will be presented as an EU-compliant digital security on the Liquid Network.

The main reasons behind the BASIC structure includes:

1. Market Projections: Forecasts indicate a potential Bitcoin price surge from late 2023 into 2024, that will also increase ASIC valuations.
2. Supply and Demand: The upcoming Bitcoin "halving" event might prompt miners to upgrade their hardware, boosting the demand for state-of-the-art, energy-efficient units.
3. Liquidity: As funding becomes increasingly accessible, miners are anticipated to more easily obtain ASICs.

Dr. Adam Back, Blockstream's CEO and co-founder, commented, "since our founding in 2014, Blockstream has continuously been a leader in Bitcoin mining, from providing world-class mining infrastructure to delivering innovative investment vehicles like the Blockstream Mining Note. The BASIC Note arrives at an opportune time in the market, presenting a unique and carefully timed investment opportunity for any Bitcoin-focused portfolio."

STOKR's Co-founder, Arnab Naskar, envisions a transformation in capital markets through digital securities. He foresees products like the BASIC Note as pivotal in connecting traditional financial avenues with Bitcoin.

The BASIC Note will not be available in every jurisdiction. Issued through the Liquid Network, each Series will have its own unique BASIC Notes.