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.