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.
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.
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.
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