Blockstream, a Bitcoin infrastructure company, recently announced the launch of the second series of its Bitcoin-based investment product, the Blockstream ASIC (BASIC) Note. This follows the initial series, which reportedly met with high demand from investors.

The first series was launched in September 2023, during which Blockstream invested approximately $4.876 million in Antminer S19k Pro ASIC miners. These miners have a hashrate of 120 Th/s (23 J/T) and were part of Blockstream's investment in efficient Bitcoin mining equipment.

Dr. Adam Back, CEO and Co-founder of Blockstream, stated that the first series received a positive response and mentioned the company's intention to attract non-U.S. investors with the second series.

In the second series, Blockstream continues its collaboration with STOKR, a digital securities platform based in Luxembourg, targeting qualified non-U.S. investors. The strategy involves acquiring efficient miners in anticipation of the 2024 Bitcoin halving.

The press release indicates that the ASIC price ratio for Series 2 is competitively priced compared to typical direct manufacturer pre-order rates per TH under standard market conditions. 

Blockstream's relationships within the Bitcoin mining industry, including connections with ASIC producers and brokers like Sunnyside Digital, are mentioned as factors in achieving cost savings for equipment procurement.

The financial target for Series 2 has not been specified, but Blockstream is encouraging non-U.S. investors interested in the BASIC Note Series 2 to seek more information.

Additional details about the BASIC Note series are available for those interested.

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