When the $BMN launched, it offered investors a bold new way to engage with Bitcoin ...

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2024-07-15 22:53:52

When the $BMN launched, it offered investors a bold new way to engage with Bitcoin mining. Three years later, it's proven its value, delivering a weighted average gross cash/cash return of ~61%.
This week, the BMN1 will begin paying out 1,220+ $BTC on LiquidNetwork (npub1nyy…7gan). More 🧵⬇️

Some background: Instead of traditional investing methods in physical mining infrastructure, the $BMN offered a more liquid, flexible approach through a hashrate-backed security token that provided investors with hashrate generated at Blockstream Mining facilities.

By removing the barriers of entry to enterprise-grade mining with a security token, investors could participate more easily in Bitcoin's proof of work, contributing to its security and censorship resistance.

https://www.youtube.com/watch?v=nJ56KqzbzQI

As a security token, the $BMN comes with investor protections and allows flexible adjustment of exposure with P2P trading and secondary markets like Side Swap, Merj Exchange, and Bitfinex Securities, among qualified BMN holders.

The bitcoin mined by the $BMN has been held in cold storage and will be delivered to the final token holders beginning later this week. This provides returns without needing to manage hardware or deal with the intricacies of mining operations.

The payout from BMN1 will also have a broader impact on the Bitcoin L2 ecosystem. It will push the Liquid Bitcoin $LBTC in circulation (~5108) on par with the total BTC in Lightning, highlighting its growing significance and utility.

https://liquid.network/

BMN1's success has also paved the way for other tokenized Bitcoin mining investments, such as the Blockstream BASIC Note $BSIC, which allows investors to capitalize on undervalued mining assets.

https://blockstream.com/finance/basic/

You can read further updates on the upcoming BMN1 payout via the official Stokr site, and be sure to set a reminder to join us and members of the Liquid Federation for an ecosystem-wide discussion on $BMN and its impact later this week. ⛏️ 🌊

https://x.com/Liquid_BTC/status/1812960387362615707

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npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n

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2024-07-15 22:53:52

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