At present, The Blockchain Group (ALTBG), listed on Euronext Development Paris and acknowledged as Europe’s first Bitcoin Treasury Firm, introduced it has raised round €9.7 million by means of a mixture of fairness and convertible bond issuances. This transfer is a part of their continued push to construct out their Bitcoin Treasury Firm technique.
The funding comes from a number of sources and was carried out by means of their wholly-owned Luxembourg subsidiary, “The Blockchain Group Luxembourg SA.” A serious portion, about €6 million, was raised by means of a convertible bond issuance to TOBAM, with bonds priced at €6.24 per share. That worth displays a 30 p.c premium over ALTBG’s closing worth on June 9, 2025.
Ludovic Chechin-Laurans additionally got here in with round €2.4 million, subscribing in BTC at a conversion worth of about €0.7072 per share. This was a part of a deal initially arrange again in March 2025. If the inventory worth climbs 30 p.c above that degree, to round €0.919 over 20 consecutive buying and selling days, he’ll have the choice to transform into as much as 3.4 million new ALTBG shares.
Adam Again additionally finalized his conversion of all OCA Tranche 1 bonds into 14.9 million ALTBG shares and subscribed to a further 2.1 million shares for €1.16 million at €0.544 per share.
“The Firm recollects that Adam Again notified The Blockchain Group of his intention to transform all OCA Tranche 1 he holds, in accordance with the phrases of the OCA Issuance Settlement entered into on March 4, 2025, the main points of which had been disclosed in a press launch dated March 6, 2025, and which the Firm now confirms has been definitively accomplished,” said the press launch.
TOBAM did the identical, changing 1 million Tranche 1 bonds into 1.84 million shares and subscribing to 262,605 new shares for €0.14 million.
“Given the latest excessive volatility within the Firm’s share worth noticed for the reason that signing of the OCA Issuance Settlement, the conversion worth of €0.544 displays a reduction of 89.52% in comparison with the closing worth on June 12, 2025,” the press launch added.
“These operations might permit for the potential acquisition of ~80 BTC, bringing the Firm’s complete potential holdings to ~1,611 BTC, together with the proceeds from the potential completion of remaining operations introduced within the press launch dated Could 26, 2025,” stated the press launch.
