France’s The Blockchain Group Secures €9.7 Million More For Its Bitcoin Treasury Strategy
The post France’s The Blockchain Group Secures €9.7 Million More For Its Bitcoin Treasury Strategy appeared on BitcoinEthereumNews.com. Today, The Blockchain Group (ALTBG), listed on Euronext Growth Paris and recognized as Europe’s first Bitcoin Treasury Company, announced it has raised around €9.7 million through a mix of equity and convertible bond issuances. This move is part of their continued push to build out their Bitcoin Treasury Company strategy. The funding comes from multiple sources and was carried out through their wholly-owned Luxembourg subsidiary, “The Blockchain Group Luxembourg SA.” A major portion, about €6 million, was raised through a convertible bond issuance to TOBAM, with bonds priced at €6.24 per share. That price reflects a 30 percent premium over ALTBG’s closing price on June 9, 2025. Ludovic Chechin-Laurans also came in with around €2.4 million, subscribing in BTC at a conversion price of about €0.7072 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 €0.919 over 20 consecutive trading days, he’ll have the option to convert into up to 3.4 million new ALTBG shares. Adam Back 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 €1.16 million at €0.544 per share. “The 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,” stated the press release. TOBAM did the same, converting 1 million Tranche 1 bonds into 1.84 million shares and subscribing to 262,605 new shares for €0.14 million. “Given the recent high volatility in the…
The post France’s The Blockchain Group Secures €9.7 Million More For Its Bitcoin Treasury Strategy appeared on BitcoinEthereumNews.com.
Today, The Blockchain Group (ALTBG), listed on Euronext Growth Paris and recognized as Europe’s first Bitcoin Treasury Company, announced it has raised around €9.7 million through a mix of equity and convertible bond issuances. This move is part of their continued push to build out their Bitcoin Treasury Company strategy. The funding comes from multiple sources and was carried out through their wholly-owned Luxembourg subsidiary, “The Blockchain Group Luxembourg SA.” A major portion, about €6 million, was raised through a convertible bond issuance to TOBAM, with bonds priced at €6.24 per share. That price reflects a 30 percent premium over ALTBG’s closing price on June 9, 2025. Ludovic Chechin-Laurans also came in with around €2.4 million, subscribing in BTC at a conversion price of about €0.7072 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 €0.919 over 20 consecutive trading days, he’ll have the option to convert into up to 3.4 million new ALTBG shares. Adam Back 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 €1.16 million at €0.544 per share. “The 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,” stated the press release. TOBAM did the same, converting 1 million Tranche 1 bonds into 1.84 million shares and subscribing to 262,605 new shares for €0.14 million. “Given the recent high volatility in the…
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