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The Blockchain Group (ALTBG), listed on Euronext Development Paris and generally known as Europe’s first Bitcoin Treasury Firm, has announced a capital improve of roughly €8.6 million because it pushes ahead with its Bitcoin Treasury Firm technique. The funding was raised by means of two operations, a Reserved Capital Improve and a Personal 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 Might 19, 2025, reflecting current excessive share worth volatility.
“The Firm’s Board of Administrators selected Might 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 extraordinary 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 Development Paris previous the choice of the Firm’s Board of Administrators, akin to a complete subscription quantity of €4,308,001.98,” mentioned the press launch.
Within the Reserved Capital Improve, 3.37 million shares had been issued to chose traders, together with Robbie van den Oetelaar, TOBAM Bitcoin Treasury Alternatives Fund, and Quadrille Capital, elevating over €4.3 million. The Personal Placement raised one other €4.35 million by way of the issuance of three.4 million shares, focusing on certified traders.
“The Board of Administrators additionally selected a capital improve with out pre-emptive rights for shareholders by means of an providing completely focusing on a restricted circle of traders performing 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 improve, the corporate’s share capital stands at €4.37 million, divided into over 109 million shares.
“The funds raised by means of the Capital Improve 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,” mentioned the press launch.
Moreover, on Might 12, The Blockchain Group announced it secured roughly €12.1 million by means of a convertible bond issuance reserved for Adam Again, CEO of Blockstream.