Condividi questo articolo
Blockstack Ran on Token Sales in 2019, Says Latest SEC Filing
Blockstack disclosed that its $23 million revenue in 2019 came almost entirely from Stacks token sales.
Di Danny Nelson
Blockstack’s financial operations have run almost exclusively on Stacks token sales – a revenue stream the decentralized web builder said it does not expect to tap into again.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The public benefit corporation’s FY 2019 revenue – $23.3 million – came almost entirely from its Regulation A+ compliant token sale that raised over $23 million in September 2019, according to SEC filings Wednesday. Its 2017-2018 revenues came from exempted token sales, the filing showed.
Cash reserves entering 2020 totaled $18.6 million including a restricted $4.4 million that Blockstack unlocked by notching its millionth “Verified User” in January 2020. Blockstack’s definition and counting of verified users has been questioned in the past. Had Blockstack not hit the million mark it would have been compelled to return purchaser funds.
That metric milestone nevertheless granted Blockstack access to $2.4 million in additional crypto. Its full bitcoin and ether reserves vere valued at $7.8 million at the end of 2019.
Blockstack – which is building a decentralized network and app ecosystem for Web 3.0 – said in the filing it might liquidate some of those crypto assets to keep financing its existence. Fresh token sales are off the table, though.
“Blockstack does not expect to generate revenue from Stacks Token sales in the future,” save sales of the 110 million tokens already in its treasury, it said.
See also: Blockstack Pledges to Enforce Patents for ‘Defensive Purposes’ Only
The company thinks it will not have to treat its Stacks tokens as securities forever. Based on guidance from the U.S. Securities and Exchange Commission in April 2019, Blockstack said it believes the independence of its network will ultimately free blockstack from federal and state securities law reporting requirements because Stacks will no longer be considered a security.
Determination day may come later this year – either in Q2 or Q3 – with the release of Stacks Blockchain 2.0. At that time, the board of directors may reevaluate its stance on Stacks and the Howey test, according to the filing.
“We expect this determination to turn on whether the Blockstack network is sufficiently decentralized,” the filing said.
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Coinbase rolls out stock trading, prediction markets and more in bid to become the ‘Everything Exchange’
Coinbase is dramatically expanding the assets available to trade on its platform, including novel cryptocurrencies, perpetual futures, stocks and prediction markets, starting with Kalshi.
Lo que debes saber:
- Coinbase is expanding offerings on its platform, introducing hundreds of top stocks based on market cap, trading volume, etc, with plans to add thousands of additional stocks and ETFs over the coming months.
- Coinbase users will also be able to trade on the outcomes of real-world events like elections, sports, collectibles, and economic indicators, starting with Kalshi and more to be integrated over time.
- A new AI-driven wealth management advisory service has been introduced, as well as Coinbase Business to help startups and small businesses incorporate crypto.
Top Stories
