The Blockchain Group (ALTBG), listed on Euronext Growth Paris has secured roughly 11 million euros ($13 million) in fresh funding as it doubles down on becoming Europe’s first bitcoin (BTC) treasury company.
This strategic move underscores the firm’s commitment to growing its bitcoin holdings relative to its share count, aiming to deliver long-term value to investors through exposure to digital assets.
Part of the fundraising included $1.18 million capital increase at 5.251 euro per share, completed under an “ATM-type” agreement with asset manager TOBAM.
In parallel, the company’s wholly owned Luxembourg subsidiary issued 10 million euros ($11.8 million) in convertible bonds, priced at 5.174 euro per share, reflecting a 30 percent premium over the June 27 closing price. TOBAM subscribed for 5 million euros while bitcoin pioneer Adam Back invested around 5 million euros.
The Blockchain Group currently hold 1,794 BTC, while the share price is up 1% on Tuesday.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
BTCPay told users running LND to update immediately or take servers offline after attackers stole…
If a minority chain appears this weekend, buyers could replay signed fork-coin sales on bitcoin…
Mateen purchased more than 306,000 shares across two days following the company's quarterly earnings, lifting…
Bitcoin Magazine Coldcard Bitcoin Hack: Victims Report Median Loss of 1 BTC as Theft Tops…
Bitcoin Magazine Bitcoin ETFs Add Nearly $800 Million in the Wake of Coldcard Exploit One…
Bitcoin Magazine Bitcoin Shrugs off Coldcard Hack and Clarity Act Delays, Price Chops Higher as…