BitFi has opened registration for its BFI public sale, with the sale window set for June 11, 2026 at 12:00 UTC through June 15, 2026 at 12:00 UTC. The project says public buyers can enter at $0.05 per token, the same price offered to its earliest institutional backers. Participation is limited to USDC on Ethereum, and users must complete identity and eligibility checks through Sonar by Echo before committing funds. U.S. users are excluded.
Sale terms set supply, valuation and contribution limits
BitFi said BFI has a total supply of 1,000,000,000 tokens, with 10,000,000 BFI allocated to the public sale, equal to 1% of total supply. At the stated token price, the implied fully diluted valuation is $50 million. The sale is targeting $500,000 in USDC, with a minimum contribution of $100 and a maximum of $100,000. Sonar applies these limits at the entity level rather than by a single account alone.
Registration was extended, while settlement dates are already outlined
The registration deadline was extended from the original June 7 cutoff to June 15, after community feedback called for more time to complete KYC verification. BitFi said settlement is scheduled for June 16 to June 17 after the sale closes. Refunds or claims, where applicable, are expected to open during June 18 to June 19. The project has not announced the date for its token generation event, or TGE.
Oversubscription uses pro-rata allocation and refunds
BitFi is using a pro-rata settlement model for the offering. If demand reaches 2x the available sale size, each participant would receive only 50% of the amount implied by their commitment, with the remaining 50% refunded through the original payment route after settlement. If the sale is undersubscribed, the project said unsold tokens may return to BitFi’s broader distribution framework.
Public sale tokens unlock in full at TGE
According to the project, tokens bought in the public sale will be 100% unlocked at TGE, with no vesting schedule. BitFi also said staking BFI will issue sBFI, a non-transferable receipt token representing a staked position. The project says sBFI can be tied to governance voting, protocol growth incentives, yield boosts on active strategies, fee discounts across BitFi products, and priority access to future offerings and partner benefits. Unstaking requires a 14-day unbonding period.
BitFi describes itself as a yield protocol focused on Bitcoin and stablecoin strategies, and says those strategies are already live on-chain. To join the sale, users must complete Sonar onboarding, connect a Web3 wallet during the sale window, submit USDC on Ethereum, wait for allocation and settlement, and receive BFI at TGE.