{"id":3897,"date":"2023-08-15T14:00:00","date_gmt":"2023-08-15T14:00:00","guid":{"rendered":"http:\/\/ci02c6d1b96001246c"},"modified":"2023-08-15T14:00:00","modified_gmt":"2023-08-15T14:00:00","slug":"blockstream-banks-on-asic-market-recovery-with-basic-note","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/blockstream-banks-on-asic-market-recovery-with-basic-note","title":{"rendered":"Blockstream Launches \u2018BASIC Note\u2019 To Capitalize On Anticipated ASIC Market Recovery"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Blockstream, a top-tier Bitcoin infrastructure firm, has joined forces with STOKR, a trailblazing digital platform for alternative assets based in Luxembourg. Their collaboration has birthed a new investment offering: The Blockstream ASIC (BASIC) Note.<\/p>\n<p>During the latest bitcoin bull market, prices for bitcoin mining machines, otherwise known as ASICs, witnessed a significant surge. This was followed by a major crash, bottoming in December 2022. The value of ASICs tend to have a pattern: They seem to be undervalued during bear markets, while enjoying outperformance during bull runs. This pattern points to a potential profit shift when measured in bitcoin terms.<\/p>\n<p>This new BASIC investment vehicle is seeking to raise $5 million through the sale of its Series 1 BASIC Notes, priced at $115,000 each. The aim? To acquire ASICs in bulk now, store them and then strategically sell them as the market rebounds, especially keeping the upcoming Bitcoin halving event in April-May 2024 in mind.<\/p>\n<p>Considering the resounding success of the Blockstream Mining Note (BMN), which attracted $50 million from global investors through eight rounds between 2021 and 2022, the BASIC Note&#8217;s introduction has already garnered considerable market attention. This investment tool is designed to focus on a bitcoin-centric return strategy and fees are only charged when the product outperforms bitcoin.<\/p>\n<p>Interestingly, the investment product will be pitched as an EU-compliant digital security on the Liquid Network. <\/p>\n<p>The rationale behind the BASIC structure includes:<\/p>\n<ul>\n<li><strong>Market Forecasting<\/strong>: There\u2019s a predicted surge in the bitcoin price, potentially from late 2023 to 2024. This is expected to couple with an increase in ASIC prices.<\/li>\n<li><strong>Supply\/Demand Dynamics<\/strong>: With the imminent Bitcoin \u201chalving\u201d event on the horizon, miners are likely to update their machinery, pushing demand for modern, energy-efficient devices.<\/li>\n<li><strong>Liquidity and Access<\/strong>: As capital gradually becomes more available, miners will likely have better access to resources in order to procure ASICs.<\/li>\n<\/ul>\n<p>Blockstream CEO and Co-founder Dr. Adam Back remarked, \u201cSince our founding in 2014, Blockstream has continuously been a leader in Bitcoin mining, from providing world-class mining infrastructure to delivering innovative investment vehicles like the Blockstream Mining Note. The BASIC Note arrives at an opportune time in the market, presenting a unique and carefully timed investment opportunity for any bitcoin-focused portfolio.\u201d<\/p>\n<p>Arnab Naskar, STOKR\u2019s Co-founder, envisions digital securities transforming capital markets and believes that products like the BASIC Note will play a significant role in bridging traditional finance with Bitcoin.<\/p>\n<p>It\u2019s worth noting that the BASIC Note won&#8217;t be accessible in every jurisdiction. Each Series will feature its own distinct set of BASIC Notes, issued via the Liquid Network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockstream teams up with STOKR to create an investment offering via the Liquid network that aims to purchase low-priced ASICs to resell during the bull market.<\/p>\n","protected":false},"author":2679,"featured_media":3898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[464,437,287,151,93],"class_list":["post-3897","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-asics","tag-bitcoin-miners","tag-blockstream","tag-liquid","tag-news"],"author_data":{"id":2679,"name":"Craig Deutsch","nicename":"craig-deutsch","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/headshot-1-2-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/blockstream-releases-first-enterprise-grade-product-on-liquid.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/3897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2679"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=3897"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/3897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/3898"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=3897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=3897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=3897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}