{"id":3802,"date":"2025-06-12T20:16:08","date_gmt":"2025-06-12T20:16:08","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/06\/12\/frances-the-blockchain-group-secures-e9-7-million-more-for-its-bitcoin-treasury-strategy\/"},"modified":"2025-06-12T20:16:08","modified_gmt":"2025-06-12T20:16:08","slug":"frances-the-blockchain-group-secures-e9-7-million-more-for-its-bitcoin-treasury-strategy","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/06\/12\/frances-the-blockchain-group-secures-e9-7-million-more-for-its-bitcoin-treasury-strategy\/","title":{"rendered":"France\u2019s The Blockchain Group Secures \u20ac9.7 Million More For Its Bitcoin Treasury Strategy"},"content":{"rendered":"

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

France\u2019s The Blockchain Group Secures \u20ac9.7 Million More For Its Bitcoin Treasury Strategy<\/a><\/p>\n

<\/div>\n

Today, The Blockchain Group (ALTBG), listed on Euronext Growth Paris and recognized as Europe\u2019s first Bitcoin Treasury Company, announced<\/a> it has raised around \u20ac9.7 million through a mix of equity and convertible bond issuances. This move is part of their continued push to build out their Bitcoin<\/a> Treasury Company strategy.<\/p>\n

\n

The Blockchain Group announces an equity and convertible bond issuance for a total amount of ~\u20ac9.7M to pursue its Bitcoin Treasury Company strategy<\/p>\n

Full Press Release (EN): https:\/\/t.co\/jjGOBswJsd<\/a><\/p>\n

Full Press Release (FR): https:\/\/t.co\/0Jwuv2sP7W<\/a><\/p>\n

BTC Strategy (EN):\u2026 pic.twitter.com\/mUVLHJduX5<\/a><\/p>\n

\u2014 The Blockchain Group (@_ALTBG) June 12, 2025<\/a>\n<\/p><\/div>\n

The funding comes from multiple sources and was carried out through their wholly-owned Luxembourg subsidiary, \u201cThe Blockchain Group Luxembourg SA.\u201d A major portion, about \u20ac6 million, was raised through a convertible bond issuance to TOBAM, with bonds priced at \u20ac6.24 per share. That price reflects a 30 percent premium over ALTBG\u2019s closing price on June 9, 2025.<\/p>\n

Ludovic Chechin-Laurans also came in with around \u20ac2.4 million, subscribing in BTC at a conversion price of about \u20ac0.7072 per share. This was part of a deal originally set up back in March 2025. If the stock price climbs 30 percent above that level, to around \u20ac0.919 over 20 consecutive trading days, he\u2019ll have the option to convert into up to 3.4 million new ALTBG shares.<\/p>\n

Adam Back<\/a> also finalized his conversion of all OCA Tranche 1 bonds into 14.9 million ALTBG shares and subscribed to an additional 2.1 million shares for \u20ac1.16 million at \u20ac0.544 per share.\u00a0<\/p>\n

\u201cThe Company recalls that Adam Back notified The Blockchain Group of his intention to convert all OCA Tranche 1 he holds, in accordance with the terms of the OCA Issuance Agreement entered into on March 4, 2025, the details of which were disclosed in a press release dated March 6, 2025, and which the Company now confirms has been definitively completed,\u201d stated the press release.<\/p>\n

TOBAM did the same, converting 1 million Tranche 1 bonds into 1.84 million shares and subscribing to 262,605 new shares for \u20ac0.14 million.<\/p>\n

\u201cGiven the recent high volatility in the Company\u2019s share price observed since the signing of the OCA Issuance Agreement, the conversion price of \u20ac0.544 reflects a discount of 89.52% compared to the closing price on June 12, 2025,\u201d the press release added.<\/p>\n

\u201cThese operations could allow for the potential acquisition of ~80 BTC, bringing the Company\u2019s total potential holdings to ~1,611 BTC, including the proceeds from the potential completion of remaining operations announced in the press release dated May 26, 2025,\u201d said the press release.<\/p>\n

This post France\u2019s The Blockchain Group Secures \u20ac9.7 Million More For Its Bitcoin Treasury Strategy<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Oscar Zarraga Perez<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine France\u2019s The Blockchain Group Secures \u20ac9.7 Million More For Its Bitcoin Treasury Strategy Today, The Blockchain Group (ALTBG), listed on Euronext Growth Paris and recognized as Europe\u2019s first Bitcoin Treasury Company, announced it has raised around \u20ac9.7 million through a mix of equity and convertible bond issuances. This move is part of their […]<\/p>\n","protected":false},"author":0,"featured_media":3803,"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-3802","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\/3802","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=3802"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3803"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}