Right this moment, 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 way 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 way of their wholly-owned Luxembourg subsidiary, “The Blockchain Group Luxembourg SA.” A serious portion, about €6 million, was raised by way of a convertible bond issuance to TOBAM, with bonds priced at €6.24 per share. That value displays a 30 p.c premium over ALTBG’s closing value on June 9, 2025.
Ludovic Chechin-Laurans additionally got here in with round €2.4 million, subscribing in BTC at a conversion value of about €0.7072 per share. This was a part of a deal initially arrange again in March 2025. If the inventory value climbs 30 p.c above that stage, 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 an extra 2.1 million shares for €1.16 million at €0.544 per share.
“The Firm remembers 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 have been disclosed in a press launch dated March 6, 2025, and which the Firm now confirms has been definitively accomplished,” acknowledged 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 value noticed because the signing of the OCA Issuance Settlement, the conversion value of €0.544 displays a reduction of 89.52% in comparison with the closing value 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 Might 26, 2025,” stated the press launch.
