Blockstream, a company specializing in Bitcoin infrastructure development, has recently announced its intention to launch a new series of investment instruments called Blockstream ASIC (BASIC) Note 2. This comes after the successful completion of the first series.
According to #Blockstream, the bonds issued in September 2023 have exceeded the target amount of $5 million. The next phase of collaboration with the #Luxembourg-based digital securities platform, Stokr, will be focused on attracting qualified investors from outside the #United States.
"We are targeting organizations that want to take advantage of the low prices of digital asset mining equipment or specialized ASIC integrated circuits"said company representatives.
Adam Back, the CEO and co-founder of Blockstream, confirmed that the previous phase showed a growing interest in Bitcoin mining investments.
"With Series 2, we aim to capitalize on this momentum by offering international institutions a strategic opportunity to enter the #ASIC market. Our focus on efficient miner procurement and strengthening relationships in this industry makes our company unique ahead of the upcoming halving in 2024"he added.
Blockstream ASIC (BASIC) Note 2 is a digital investment instrument linked to #Bitcoin mining. The BASIC Note 2 bonds allow investors to earn income from #mining equipment operations used to create new bitcoins. Investors can purchase BASIC Note 2 bonds through the Stokr platform, and their profitability will depend on the efficiency of Bitcoin mining and cryptocurrency price fluctuations.
Blockstream is a leading developer of Bitcoin infrastructure. The company develops and offers solutions for the Bitcoin network, including tools for security, storage, and transfer of digital assets. They are also significant Bitcoin miners and operate their own mining farms.
The creation of the Blockstream ASIC (BASIC) Note 2 investment instrument reflects the growing interest in Bitcoin mining and the potential for earning income from this activity. It also demonstrates Blockstream's commitment to expanding its operations beyond infrastructure development and actively participating in the #mining industry.
