Blockstream raised $16 million for its Bitcoin mining STO in a few hours

The major blockchain technology company Blockstream has completed six parts of its Bitcoin (Bitcoin) Mining Security token products (STO), received a total of 30.9 million euros (36 million US dollars).

Blockstream official Announce On Thursday, the company raised 13.9 million euros ($16.1 million) in its sixth batch of Bitcoin mining-focused security token Blockstream Mining Note (BMN).

According to the announcement, the latest round of financing is the largest ever issued by Blockstream, marking the increasing interest of individual and institutional investors. The salary increase brings the total supply of BMN to over 122 and the total number of investors to 70.

Block flow Officially launched its BMN security token In March 2021, BTC was mined by using the relevant hash rate of BMN to provide non-U.S. qualified investors with an alternative method of mining Bitcoin or investing in Bitcoin mining stocks. Issued on the Liquid sidechain of Bitcoin, each BMN1 gives investors the right to obtain up to 2,000 terahashes of Bitcoin mined in Blockstream’s enterprise-level mining facilities per second.

BMN tokens can be traded with other qualified investors, and the relevant BTC will be delivered to BMN holders when the three-year period from July 2021 to July 2024 expires.

related: Bitcoin-based security token products approved in Germany

When the news is released, Blockstream is preparing to list its BMN security token on Bitfinex Securities. The new STO platform of the Bitfinex cryptocurrency exchange And supervised in the Astana International Financial Center, the national financial center of Kazakhstan. With the launch of Bitfinex Securities, BMN will become one of the first assets listed on the new platform.