Summary:
Blockstream Mining launches BMN2 tokenized note priced at $31,000.
Investors gain 4-year exposure to bitcoin production and can lock in hashprice.
The company aims to raise $10 million in this round after a total of $7 million raised previously.
BMN1 was highly successful, mining over 1,242 BTC and yielding returns of up to 103%.
The BMN2 note will be tradable on Bitfinex, offering a new investment avenue in the crypto space.
Blockstream Mining has launched a third round of sales for its tokenized note, BMN2, priced at $31,000. This unique investment opportunity allows participants to gain a share of the bitcoin produced by the company over a four-year period. With the ability to lock in the hashprice, investors can benefit from the most cost-effective mining rates, which are under 4.5 cents per kilowatt-hour. The BMN2 note is designed to offer EU-compliant exposure to the bitcoin hashrate, a feature not typically available in other contracts that usually last just 12 months.
Blockstream aims to raise $10 million in this round after successfully raising $7 million in previous rounds. The earlier BMN1 note was a significant success, mining over 1,242 BTC and providing returns of up to 103%.
The BMN2 note's sales will last for three weeks and are backed by Blockstream's mining capabilities across facilities in Georgia, Montreal, and Texas. This tokenized note will be tradable on the Bitfinex exchange, marking a step forward in the financialization of the crypto market. Investors can strategically enter the market during a time when hashprice levels are historically low, making this an attractive opportunity.
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