PANews
PANews|May 27, 2025 00:18
The Blockchain Group announces the issuance of € 63.3 million convertible bonds, expected to increase holdings of 590 BTC The Blockchain Group (Euronext code: ALTBG), the first publicly traded Bitcoin reserve company in Europe, has completed two rounds of convertible bond issuances through its wholly-owned subsidiary in Luxembourg The first round of 5 million euros was subscribed by Moonlight Capital, with a conversion price of 3.809 euros per share (a 30% premium over the closing price on May 23); The second round of 58.3 million euros was subscribed by Fulgur Ventures (55.3 million euros) and UTXO Management (3 million euros), with a conversion price of approximately 0.707 euros per share. All bonds will be subscribed in the form of Bitcoin, and it is expected to increase holdings by 590 BTC, bringing the company's potential total Bitcoin holdings to 1437. This financing continues its "Bitcoin Finance Company" strategy, which aims to increase its holdings of Bitcoin while developing data intelligence and AI businesses, with the goal of increasing the reserve of Bitcoin per share.
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