The Blockchain Group Raises €63.3M to Expand Bitcoin Holdings and Strengthen Investor Confidence
Paris-listed technology firm The Blockchain Group (ALTBG), specializing in data intelligence and decentralized solutions, has secured €63.3 million ($71.9 million) through convertible bonds to accelerate its bitcoin (BTC) treasury accumulation strategy.
The fundraising, carried out via its Luxembourg subsidiary, marks a decisive step in growing the company’s BTC reserves while bolstering its investor support.
A notable element of the deal features a $5.7 million bitcoin-denominated bond purchased by Moonlight Capital, issued at a 30% premium to the May 23 closing price of $4.30 per share.
Additionally, the company completed the exercise of all rights tied to Convertible Bonds B-02 (“OCA Tranche 2”), originally allocated to strategic investors Fulgur Ventures and UTXO Management, at $0.79 per share—totaling $66 million.
Investor Adam Back further demonstrated confidence by converting his entire OCA Tranche 1 bonds into 14.88 million shares, underscoring his long-term commitment to The Blockchain Group’s vision.
These capital inflows are projected to finance the purchase of approximately 590 bitcoins, potentially raising the company’s total holdings to around 1,437 BTC.
