Blockstack PBC raised $5.1M in equity investments and $47.5M in the 2017 token offering. Most recently, Blockstack raised over $23M from a combination of Reg A and Reg S sales, making the combined funding over $75M.
As of October 2019, Blockstack PBC has an estimated runway of until the end of 2021 at current burn rates.
Further, Blockstack PBC has a total of 110M STX in a long-term treasury. In addition, after completion of the 2019 offerings, approximately 231 million tokens from the genesis block will remain unallocated; the future use of these ~231 million tokens is under the discretion of Blockstack PBC.
Our audited financials are available in our offering circular.
We expanded our team from 19 employees in January 2019 to 25 in July 2019 and we have several open positions.
" + "answer": "Blockstack PBC raised $5.1M in equity investments and $47.5M in the 2017 token offering. Most recently, Blockstack raised over $23M from a combination of Reg A and Reg S sales, making the combined funding over $75M.
As of October 2019, Blockstack PBC has an estimated runway of until the end of 2021 at current burn rates. Further, Blockstack PBC has a significant number Stacks token in its treasury.
Our audited financials are available in our offering circular.
We expanded our team from 19 employees in January 2019 to 25 in July 2019 and we have several open positions.
" }, { "category": "tokens",