The Blockchain Group (ALTBG), listed on Euronext Progress Paris has secured roughly 11 million euros ($13 million) in contemporary funding because it doubles down on turning into Europe’s first bitcoin
treasury firm.
This strategic transfer underscores the agency’s dedication to rising its bitcoin holdings relative to its share depend, aiming to ship long-term worth to traders by publicity to digital belongings.
A part of the fundraising included $1.18 million capital enhance at 5.251 euro per share, accomplished below an “ATM-type” settlement with asset supervisor TOBAM.
In parallel, the corporate’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 % premium over the June 27 closing worth. TOBAM subscribed for five million euros whereas bitcoin pioneer Adam Again invested round 5 million euros.
The Blockchain Group at the moment maintain 1,794 BTC, whereas the share worth is up 1% on Tuesday.
