Top-tier blockchain technology firm Blockstream has reportedly finalized six tranches of its Bitcoin (BTC) mining security token offering (STO), successfully obtaining an overall figure of 30.9 million euros ($36 million).

Specifically, Blockstream reportedly issued an official notice regarding its successful attempt at amassing 13.9 million euros ($16.1 million) in the sixth tranche of its security tokens, concentrated primarily on Bitcoin mining, dubbed Blockstream Mining Note (BMN).

Per the announcement, the most recent fundraising was reportedly the most major tranche in the history of Blockstream, which showed signs of an incline in interest coming from individual and institutional investors. 

The raise reportedly helped the overall BMN supply exceed the 122 benchmarks, with the accumulated figure of investors hitting 70.

Blockstream finalized the official rollout of its BMN security token in March, equipping any qualified investors outside the geological area of the US with a different approach to mining Bitcoin, or making investments in Bitcoin mining stocks, via mining BTC through the related hash rate of BMN. 

Issued on the Liquid sidechain of Bitcoin, every BMN Series 1 reportedly offers investors a maximum of  2,000 terahashes per second of Bitcoin mined at Blockstream’s enterprise-grade mining facilities.

The trading for the BMN token will reportedly be supported for other qualified investors, delivering associated BTC to the BMN holder upon maturity of a three-year term from July 2021 to July 2024.

The development reportedly surfaced during the time Blockstream is gearing up for the listing of its BMN security token on Bitfinex Securities, a new STO platform developed by crypto exchange Bitfinex, falling under the regulatory scope of Kazakhstan’s national financial hub, the Astana International Financial Center.