The Blockchain Group Secures $13 Million to Pursue Its Bitcoin Treasury Strategy

The Blockchain Group Raises €11M to Strengthen Bitcoin Treasury Strategy

The Blockchain Group (ALTBG), listed on Euronext Growth Paris, has secured approximately €11 million ($13 million) in fresh capital as it advances its vision of becoming Europe’s first dedicated bitcoin treasury company.

The move highlights the company’s long-term strategy to increase its bitcoin holdings relative to its outstanding shares, aiming to offer shareholders direct exposure to the value appreciation of digital assets.

The fundraising effort included a €1.1 million ($1.18 million) capital increase at a price of €5.251 per share, executed through an “ATM-type” agreement with asset manager TOBAM.

Additionally, The Blockchain Group’s wholly owned Luxembourg subsidiary issued €10 million ($11.8 million) in convertible bonds. These bonds were priced at €5.174 per share—reflecting a 30% premium over the company’s closing price on June 27. Notably, TOBAM subscribed to half of the bond issuance, while early Bitcoin pioneer Adam Back contributed the remaining €5 million.

As of the latest figures, The Blockchain Group holds 1,794 BTC. The company’s shares rose 1% on Tuesday in response to the announcement.

  • Related Posts

    Bitcoin falls back near $71,000 even as software companies lead market gains.

    Bitcoin’s momentum weakened on Thursday after a strong start to the week, even as software stocks rallied, highlighting a growing divergence between two markets that have closely tracked each other…

    Continue reading
    Bitcoin bulls dismiss Ray Dalio’s “tired narratives,” doubling down on the asset’s future potential.

    Bitcoin has climbed back above $73,000 after several weeks of consolidation, but the breakout has not convinced all market participants that a sustained rally is underway. The world’s largest cryptocurrency…

    Continue reading