BLOCKSTREAM ANNOUNCES BASIC NOTE SERIES 2 LAUNCH AFTER SUCCESSFUL $5 MILLION SERIES 1 RAISE

As the Series 2 unfolds, Blockstream fortifies its commitment to pioneering financial products, helping solidifying the groundwork for Bitcoin-based capital market

Blockstream, a global leader in Bitcoin infrastructure, has announced the Series 2 launch for its Bitcoin-denominated investment vehicle, the Blockstream ASIC (BASIC) Note, according to a press release sent to Bitcoin Magazine. This follows the success of Series 1, which witnessed investor demand exceeding expectations.

The Series 1 phase, initiated in September 2023, saw Blockstream allocate a total of $4.876 million towards procuring Antminer S19k Pro ASIC miners, substantially surpassing the anticipated $5 million target. The choice of these miners, renowned for their efficiency boasting a hashrate of 120 Th/s (23 J/T), aligns with Blockstream’s commitment to acquiring the most efficient equipment within the Bitcoin mining market.