Tranche six will be available to investors on STOKR, Wednesday, October 20, 2021 (10:00 AM CET).
Tranche six will total 48 BMN1 and each BMN1 will be offered within a €270,000 - €290,000 range ( ~ $314,000 - $338,000 USD) with exact pricing to be determined at the time of issuance.
Tranche five was again significantly oversubscribed and was fully allocated in less than twenty minutes.
In an effort to allow institutional and strategic investors to build more meaningful positions, tranche six will be uncapped. Going forward, we will offer both capped and uncapped tranches.
Investors that already hold >= 1 BMN can participate in this tranche in units as small as 0.01 BMN via the BMN investment page. Investors that hold <= 1 BMN can participate in this tranche if their investment in tranche six will bring their total position to >= 1 BMN.
Tranche six will be fungible with previous BMN1 tranches and will bring the total issuance of BMNs to almost €35 million (~ $40 million USD).
The Blockstream Mining Note
The BMN provides qualifying investors exposure to Bitcoin mining through a security token issued on the Liquid Network. Each BMN1 entitles investors to up to 2,000 TH/s of Bitcoin mined at our enterprise-grade mining facilities.
Since the launch of the first BMN1 tranche on April 7, 2021, the BMN has raised a total of almost €16.6M ($19.3M) with more than 74 BMN1 issued to a diverse range of corporate and individual investors.
In the 105 days since mining began, each BMN has averaged 0.01571 BTC per day for a total of 1.65 BTC. Mining progress can be tracked here.
Coming Soon to Bitfinex Securities
We are very excited to see the launch of Bitfinex Securities Ltd, a regulated new security token (STO) exchange, and are pleased to report that the BMN is on track to list on Bitfinex Securities mid-Q4 2021, making it one of the first assets listed on the platform. The Bitfinex tranche and listing are proceeding on schedule and we look forward to executing this tranche in the coming weeks.
Get Familiar with the Sixth Tranche on STOKR
The BMN is available to non-US, qualifying investors. To learn more about the sixth tranche, please visit STOKR.
In order to participate in the primary issuances via STOKR, investors must first complete the KYC process on their site. After completion, please reach out to us on the Blockstream Finance Telegram, and we can ensure you have been successfully added to the BMN1 whitelist.