The Blockchain Group (ALTBG), listed on Euronext Growth Paris has secured roughly 11 million euros ($13 million) in fresh funding as it doubles down on becoming Europe’s first bitcoin (BTC) treasury company.
This strategic move underscores the firm’s commitment to growing its bitcoin holdings relative to its share count, aiming to deliver long-term value to investors through exposure to digital assets.
Part of the fundraising included $1.18 million capital increase at 5.251 euro per share, completed under an “ATM-type” agreement with asset manager TOBAM.
In parallel, the company’s wholly owned Luxembourg subsidiary issued 10 million euros ($11.8 million) in convertible bonds, priced at 5.174 euro per share, reflecting a 30 percent premium over the June 27 closing price. TOBAM subscribed for 5 million euros while bitcoin pioneer Adam Back invested around 5 million euros.
The Blockchain Group currently hold 1,794 BTC, while the share price is up 1% on Tuesday.