The Blockchain Group (ALTBG) announced a series of strategic moves enhancing both its bitcoin treasury BTC and capital structure.
The Paris-based company bought 60 BTC for about 5.5 million euros ($6.5 million), bringing its total holdings to 1,788 BTC valued at about 161.3 million euros, with an average price of 90,213 euros each.
Notable transactions include Blockstream CEO Adam Back subscribing to over 2.1 million new shares for around 1.16 million euros, and French asset manager TOBAM subscribing to some 262,605 new shares for just under 143,000 euros, enabling the purchase of 13 BTC.
The company exercised warrants called BSA 2025-01, issuing over 1.1 million new shares and raising about 600,00 in fresh funds, which were then used to acquire 6 BTC. Additionally, the company completed an “ATM-type” capital increase with TOBAM, raising 4.1 million euros to fund 41 BTC.
Year-to-date, The Blockchain Group has achieved a BTC Yield of 1,270 % and gains of roughly 508.3 BTC, translating to around 46.7 million euros.
Read more: The Blockchain Group Starts 300M-Euro ATM Share Sale to Expand Bitcoin Holdings
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Strategy has added $650 million to its USD reserve and repurchased $109 million of STRC…
Bitcoin Magazine CFTC Charges Goliath Ventures With $400M Bitcoin Fraud The Commodity Futures Trading Commission…
Bitcoin Magazine Should Bitcoin Companies Build USD Reserves? Understanding The Truth Strategy’s U.S. dollar reserve…
Bitcoin Magazine Casa CEO Nick Neuman: 233k BTC Moved To Safety After Coldcard Exploit Proves…
Empery Digital has disclosed the sale of 1,635 BTC for $102.2 million, using the proceeds…
Bitcoin Magazine Bitcoin Treasury Twenty One to Become ‘More Than a Treasury Company’, Says New…