The Blockchain Group (ALTBG), a Paris-listed firm focused on data intelligence and decentralized technologies, has issued a 63.3 million euro ($71.9 million) in convertible bonds to further its bitcoin BTC treasury strategy.
This financing, executed through its Luxembourg subsidiary, highlights a significant push towards expanding the company’s BTC reserves and reinforcing its investor base.
A key component of the deal includes a $5.7 million BTC-denominated bond subscribed by Moonlight Capital, issued at a 30% premium over the May 23 closing price ($4.3/share).
The company also finalized the exercise of all rights for Convertible Bonds B-02 (“OCA Tranche 2”) initially reserved for strategic investors Fulgur Ventures and UTXO Management at $0.79/share, totaling $66 million.
Notably, investor Adam Back has converted all his OCA Tranche 1 bonds into 14.88 million shares, reinforcing long-term alignment with the company’s vision. These capital inflows are expected to fund the acquisition of 590 BTC, potentially increasing The Blockchain Group’s holdings to approximately 1,437 BTC.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
The White House's new National Security Strategy emphasizes increased global fiscal expansion and military spending.Read…
Bitcoin is trading around $91,000 after a minor dip earlier today, and uncertainty continues to…
Bitcoin Magazine Bitcoin Price Craters to $88,000, But JPMorgan Maintains $170,000 Target Bitcoin price plunged…
Bitcoin Magazine Indiana Lawmakers Push Bill to Make State a Bitcoin Leader Indiana lawmakers are…
Softer than expected private inflation data did spark some hope that the Friday decline could…
Bitcoin Magazine Why The Bitcoin Bear Market Is Almost Finished Bitcoin has struggled to maintain…