The Blockchain GroupALTBGThe first Bitcoin Treasury Company in Europe, listed on Euronext Growth Paris. announced a capital increase of approximately €8.6 million as it pushes forward with its Bitcoin Treasury Company strategy. The funding was raised through two operations, a Reserved Capital Increase and a Private Placement, with both priced at €1.279 per share.
This price represents an increase of 20.18% over the average 20-day share volume weighted price. However, it is 46.26% lower than the closing share price on May 19th 2025.
“The Company’s Board of Directors decided on May 19, 2025, using the delegated authority granted by the shareholders’ meeting held on February 21, 2025, under the terms of its 5th resolution, on an issuance, without pre-emptive rights for shareholders, of 3,368,258 new ordinary shares of the Company at a price of €1.2790 per share, including an issuance premium, representing a premium of approximately 20.18% compared to the weighted average of the twenty closing prices of ALTBG shares on Euronext Growth Paris preceding the decision of the Company’s Board of Directors, corresponding to a total subscription amount of €4,308,001.98,” Press release.
In the Reserved Capital Increase, 3.37 million shares were issued to selected investors, including Robbie van den Oetelaar, TOBAM Bitcoin Treasury Opportunities Fund, and Quadrille Capital, raising over €4.3 million. The Private Placement raised another €4.35 million via the issuance of 3.4 million shares, targeting qualified investors.
“The Board of Directors also decided on a capital increase without pre-emptive rights for shareholders through an offering exclusively targeting a limited circle of investors acting on their own behalf or qualified investor, ” The press release stated that.
The Blockchain Group plans to use these funds in its ongoing accumulation strategy. Bitcoin Expanding its subsidiaries’ data intelligence, AI and decentralized technology. Following this capital increase, the company’s share capital stands at €4.37 million, divided into over 109 million shares.
“The funds raised through the Capital Increase will enable the Company to strengthen its Bitcoin Treasury Company strategy, consisting in the accumulation of Bitcoin, while continuing to develop the operational activities of its subsidiaries,” Press release.
Also, The Blockchain Group will be presenting a special event on Tuesday, May 12. announced it secured approximately €12.1 million through a convertible bond issuance reserved for Adam Back, CEO of Blockstream.
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Source: bitcoinmagazine.com
