Blockstream Launches Third Series of Security Token, BMN2, Offering Exposure to Bitcoin Hash Rate

• Blockstream launches series 3 of its security token, the Blockstream Mining Note 2 (BMN2).
• BMN2 is an EU-compliant security token available to qualified, non-U.S. investors.
• Each BMN2 security token entitles holders to the bitcoin produced by 1 PH/s of Blockstream's mining hash rate.
• The token aims to replicate the success of the first iteration of Blockstream's mining note (BMN1).
• BMN2 offers a hash price significantly below the current market hash price.
• Blockstream offers a unique value proposition with its BMN2, providing cheap energy rates and good pricing on equipment.

Summary :
Blockchain infrastructure developer Blockstream has launched the third series of its security token, the Blockstream Mining Note 2 (BMN2). The token is designed to provide exposure to the Bitcoin hash rate operated by Blockstream's mining facilities in North America. It aims to replicate the success of the first iteration of the token, which delivered a 32% bitcoin return over a three-year term. The BMN2 offers a hash price of $21.23 for 48 months, significantly below the current market hash price. It also includes safeguards such as a reserve of 50% of the stated hash rate. Blockstream CEO Adam Back is the inventor of the HashCash algorithm behind Bitcoin's proof-of-work protocol.

Sources :

- TheBlock
- Bitcoinmagazine