The Blockchain Group (ALTBG), listed on Euronext Progress Paris and often called Europe’s first Bitcoin Treasury Firm, has introduced a capital enhance of roughly €8.6 million because it pushes ahead with its Bitcoin Treasury Firm technique. The funding was raised via two operations, a Reserved Capital Enhance and a Non-public Placement, with each priced at €1.279 per share.
This worth represents a 20.18% premium over the 20-day volume-weighted common share worth however a 46.26% low cost in comparison with the closing worth on Could 19, 2025, reflecting latest excessive share worth volatility.
“The Firm’s Board of Administrators selected Could 19, 2025, utilizing the delegated authority granted by the shareholders’ assembly held on February 21, 2025, beneath the phrases of its fifth decision, on an issuance, with out pre-emptive rights for shareholders, of three,368,258 new unusual shares of the Firm at a worth of €1.2790 per share, together with an issuance premium, representing a premium of roughly 20.18% in comparison with the weighted common of the twenty closing costs of ALTBG shares on Euronext Progress Paris previous the choice of the Firm’s Board of Administrators, akin to a complete subscription quantity of €4,308,001.98,” stated the press launch.
Within the Reserved Capital Enhance, 3.37 million shares have been issued to chose buyers, together with Robbie van den Oetelaar, TOBAM Bitcoin Treasury Alternatives Fund, and Quadrille Capital, elevating over €4.3 million. The Non-public Placement raised one other €4.35 million through the issuance of three.4 million shares, focusing on certified buyers.
“The Board of Administrators additionally selected a capital enhance with out pre-emptive rights for shareholders via an providing solely focusing on a restricted circle of buyers appearing on their very own behalf or certified investor, ” acknowledged the press launch.
The funds will help The Blockchain Group’s ongoing technique of accumulating Bitcoin and increasing its subsidiaries in information intelligence, AI, and decentralized tech. Following this capital enhance, the corporate’s share capital stands at €4.37 million, divided into over 109 million shares.
“The funds raised via the Capital Enhance will allow the Firm to strengthen its Bitcoin Treasury Firm technique, consisting within the accumulation of Bitcoin, whereas persevering with to develop the operational actions of its subsidiaries,” stated the press launch.
Moreover, on Could 12, The Blockchain Group introduced it secured roughly €12.1 million via a convertible bond issuance reserved for Adam Again, CEO of Blockstream.
