Blockstack’s Regulated Token Offerings Raise $23 Million

Token Fest 2019 in NYC by Brady Dale for CoinDesk 8 860x430

Blockstack has raised more than $20 million in a token sale approved by the U.S. Securities and Exchange Commission, the company announced Tuesday.In a blog post, Blockstack co-founder Muneeb Ali wrote that the company’s Reg A+ compliant token offering concluded on Sept. 9, and combined with a strategic investment round led by Hashkey Group and SNZ, raised a total of $23 million.“More than 4,500 individuals and entities participated in the 2019 token offerings,” Ali wrote. “Blockstack PBC has entered into agreements for more than $23M in these offerings (including both our SEC-qualified token offering and our offering to investors outside the United States made under Regulation S).”According to a filing in the SEC’s Electronic Data Gathering, Analysis and Retrieval (EDGAR) system, Blockstack specifically raised $15.5 million through the sale of 74.3 million Stacks tokens through its Reg A+ sale in the U.S., and another $7.6 million through the sale (and…

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