{"id":3470,"date":"2025-05-20T21:16:11","date_gmt":"2025-05-20T21:16:11","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/05\/20\/the-blockchain-group-secures-e8-6-million-to-boost-bitcoin-strategy\/"},"modified":"2025-05-20T21:16:11","modified_gmt":"2025-05-20T21:16:11","slug":"the-blockchain-group-secures-e8-6-million-to-boost-bitcoin-strategy","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/05\/20\/the-blockchain-group-secures-e8-6-million-to-boost-bitcoin-strategy\/","title":{"rendered":"The Blockchain Group Secures \u20ac8.6 Million to Boost Bitcoin Strategy"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

The Blockchain Group Secures \u20ac8.6 Million to Boost Bitcoin Strategy<\/a><\/p>\n

<\/div>\n

The Blockchain Group (ALTBG<\/a>), listed on Euronext Growth Paris and known as Europe\u2019s first Bitcoin Treasury Company, has announced<\/a> a capital increase of approximately \u20ac8.6 million as it pushes forward with its Bitcoin Treasury Company strategy. The funding was raised through two operations, a Reserved Capital Increase and a Private Placement, with both priced at \u20ac1.279 per share.<\/p>\n

\n

JUST IN: French company The Blockchain Group raises \u20ac8.6 million to buy more #Bitcoin<\/a> pic.twitter.com\/VjTKyFSS6w<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) May 20, 2025<\/a>\n<\/p><\/div>\n

This price represents a 20.18% premium over the 20-day volume-weighted average share price but a 46.26% discount compared to the closing price on May 19, 2025, reflecting recent high share price volatility.<\/p>\n

\u201cThe Company\u2019s Board of Directors decided on May 19, 2025, using the delegated authority granted by the shareholders\u2019 meeting held on February 21, 2025, under the terms of its 5th resolution, on an issuance, without pre-emptive rights for shareholders, of 3,368,258 new ordinary shares of the Company at a price of \u20ac1.2790 per share, including an issuance premium, representing a premium of approximately 20.18% compared to the weighted average of the twenty closing prices of ALTBG shares on Euronext Growth Paris preceding the decision of the Company\u2019s Board of Directors, corresponding to a total subscription amount of \u20ac4,308,001.98,\u201d said the press release.\u00a0<\/p>\n

In the Reserved Capital Increase, 3.37 million shares were issued to selected investors, including Robbie van den Oetelaar, TOBAM Bitcoin Treasury Opportunities Fund, and Quadrille Capital, raising over \u20ac4.3 million. The Private Placement raised another \u20ac4.35 million via the issuance of 3.4 million shares, targeting qualified investors.<\/p>\n

\u201cThe Board of Directors also decided on a capital increase without pre-emptive rights for shareholders through an offering exclusively targeting a limited circle of investors acting on their own behalf or qualified investor, \u201d stated the press release.<\/p>\n

The funds will support The Blockchain Group\u2019s ongoing strategy of accumulating Bitcoin<\/a> and expanding its subsidiaries in data intelligence, AI, and decentralized tech. Following this capital increase, the company\u2019s share capital stands at \u20ac4.37 million, divided into over 109 million shares.<\/p>\n

\u201cThe funds raised through the Capital Increase will enable the Company to strengthen its Bitcoin Treasury Company strategy, consisting in the accumulation of Bitcoin, while continuing to develop the operational activities of its subsidiaries,\u201d said the press release.<\/p>\n

Additionally, on May 12, The Blockchain Group announced<\/a> it secured approximately \u20ac12.1 million through a convertible bond issuance reserved for Adam Back, CEO of Blockstream.<\/p>\n\n

This post The Blockchain Group Secures \u20ac8.6 Million to Boost Bitcoin Strategy<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Oscar Zarraga Perez<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine The Blockchain Group Secures \u20ac8.6 Million to Boost Bitcoin Strategy The Blockchain Group (ALTBG), listed on Euronext Growth Paris and known as Europe\u2019s first Bitcoin Treasury Company, has announced a capital increase of approximately \u20ac8.6 million as it pushes forward with its Bitcoin Treasury Company strategy. The funding was raised through two operations, […]<\/p>\n","protected":false},"author":0,"featured_media":3471,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3470","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3470"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3471"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}