September 11, 2019 Blockstack has raised $23M in an SEC-approved token sale.

The company sold $15.5M and $7.6M worth of tokens to U.S. and Asian investors, respectively, at a general offering price of $0.30. Stacks tokens purchased during the sale will be released in equal amounts each month over a two year period. Blockstack previously held a token sale in 2017, during which tokens were sold at a general offering price of $0.12; tokens sold during the 2017 sale are to be distributed in the same manner, with the exception of 50 million tokens subject to a four-year time lock.