Blockstack is currently evaluating how it will conduct its next token offering for general miners. An IPO is one of four options. Source
The Surprising Reason Why Blockstack May File for an IPO
Tag: Blockstack
Binance Lists Blockstack for $250,000 ‘Long-Term Payment’
A United States Securities and Exchange Commission (SEC) filing reveals that major cryptocurrency exchange Binance received a $250,000 “long-term payment” to keep Blockstack (STX) listed for one year. Blockstack’s SEC filing reveals that Binance received 833,333 STX, which at the $0.30 token valuation provided by the company is equivalent to $250,000. The document also shows that the company intends to pay Binance more: “[Blockstack] will pay three additional incremental payments of 833,333 each, on the first, second and third anniversaries of the Services Agreement’s effective date provided the Stacks Token…
Binance, Hashkey Pro to List SEC-Sanctioned Blockstack Token
Major cryptocurrency exchange Binance is preparing to expand its token offering with the listing of Blockstack (STX). According to an announcement on Oct. 23, the cryptocurrency exchange will open trading for STX/Binance Coin (BNB), STX/Bitcoin (BTC) and STX/Tether (USDT) trading pairs on Oct. 25. Binance users can now deposit STX ahead of trading. In addition to trading on Binance, STX will also trade on institutional exchange Hashkey Pro. In a separate press release, Blockstack notes that there are presently no authorized exchanges or tradings systems for United States-based investors to…
Blockchain Startup Blockstack Raises a Whopping $23 Million In SEC-Qualified Reg A+ Token Offering
More than 4,500 individuals and entities participated and ponied up more than USD$23 million in the first US Securities and Exchange Commission (SEC) qualified and regulated Regulation A+ token offering issued by Blockstack PBC (including both their SEC-qualified token offering and investors outside the United States made under Regulation S). advertisement Major investors include Union Square Ventures, Lux Capital, Recruit Holdings, Arrington XRP Capital, Hashkey Group, Fenbushi Capital, Frontier Ventures, Spartan Group, and various other funds. Blockstack PBC, a public benefit corporation at the heart of the Blockstack ecosystem, is…
Blockstack Raises $23 Million USD in First Regulated Token Offering
Blockstack has raised $23 million USD in the first-ever token offering approved by the US Securities and Exchange Commission. Blocskstack PBC, which is a decentralized computing network aiming to antiquate data breaches and trust violations, first announced the token sale in July, having received SEC approval to raise up to $28 million USD in a Reg A+ compliant offering. The breakdown of the token offering consisted of $15.5 million USD raised through the sale of 74.3 million Stacks tokens through its Reg A+ sale in the US, and an additional…
Japanese HR and Tech Giant Recruit Holdings Invests in Blockstack
Blockchain startup Blockstack PBC has received strategic investment from Japanese human resources giant Recruit Holdings. U.S. startups look for Japanese partnerships The Block reported the startup’s new funding on Aug. 22. As part of the investment deal, Recruit, which is currently valued at $50 billion USD, is purchasing Blockstack’s STACK tokens. Blockstack PBC CEO and co-founder Muneeb Ali reportedly remarked that United States-based startups typically partner with businesses in Japan. Ali further discussed the advantages of conducting crypto business in Japan. He said: “Japan is a very interesting market for…
Blockstack Joins Lambda School for New Platform to Teach App Coding
Privacy-centric computing network and app ecosystem Blockstack has announced a partnership with Lambda School. Students enrolled in the program can reportedly now learn how to code Blockstack apps and earn monthly revenue through its App Mining Program. Gain the skills to pay the bills According to a press release shared with Cointelegraph on August 12, Lambda is a skills-based online school with a curriculum designed around the requirements of employers. This reportedly ensures that graduates master all the skills required to succeed. In addition, it offers tuition at no cost…
US SEC Approves Blockstack Token Offering Under Regulation A+
The United States Securities and Exchange Commission (SEC) has given blockchain-based startup Blockstack the go-ahead to run a $28 million public token offering under Regulation A+, according to a report by The Wall Street Journal (WSJ) on June 10. Blockstack will reportedly launch its token offering online tomorrow, July 11. While other firms have previously taken advantage of Regulation A+ funding, this marks the first time that investors will receive a token, rather than shares in the company. Regulation A+ is an initial public offering (IPO) alternative geared towards startups…
Harvard Endowment Invested up to $12.65M in Blockstack Token Sale
Harvard’s $37.1 billion endowment fund has reportedly invested $12.65 million in Blockstack. The New York-based blockchain toolmaker lately applied with the Securities and Exchange Commission (SEC) to raise $50 million. The application submitted to the US securities regulator detailed the name of Blockstack’s advisory members. Among those names was Charlie Savaria, one of the recently appointed managing directors for the Harvard Management Company. Mr. Savaria, according to the document, alongside other six advisory members purchased an aggregate of 95,833,333 BlockStack digitized equities, called Stack Tokens (STX). At the time of…
Blockstack Eyes SEC-Regulated $50 Mln Token Sale With Participation From Harvard Endowment
Decentralized computing network Blockstack has applied to the United States Securities and Exchanges Commission (SEC) to launch a $50 million token sale which — if approved — would be the industry’s first SEC-qualified offering. The development was revealed in a filing with the SEC dated April 11. The sale, which is being proposed under the SEC Regulation A+ framework, would be operated via a wholly-owned subsidiary, “Blockstack Token LLC,” and involve the sale of 295 million Stacks tokens. The filing outlines that different allocations of a total of 295 million…