Blockstream ASIC (BASIC) Note 1 Token

Overview

The Blockstream ASIC Note ("BASIC Note") provides investors with access to the Bitcoin mining equipment (ASICs) market opportunity. Leveraging Blockstream's long track record, leading market position, substantial scale, broad expertise, and strong relationships across the ASIC supply chain, the BASIC structure plans to acquire and warehouse new and unused ASICs at attractive prices, and to eventually strategically sell them back into the market as the industry rebounds within the next 12-24 months

The BASIC Notes are unsecured Notes issued by ORO Fund (I) – BASIC, a distinct compartment under the ORO Fund (I), an umbrella securitisation fund (fonds de titrisation) within the meaning of Luxembourg securitisation law. The BASIC Notes represent the right to the proceeds deriving from acquiring, holding and selling a specific lot of ASICs for each Series in accordance with the Terms and Conditions. BASIC Notes are issued on the Liquid Network with ticker symbol BSIC (series number).