The Blockchain Group (ALTBG), listed on Euronext Progress 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 way of two operations, a Reserved Capital Improve and a Non-public Placement, with each priced at €1.279 per share.
This value represents a 20.18% premium over the 20-day volume-weighted common share value however a 46.26% low cost in comparison with the closing value on Might 19, 2025, reflecting latest excessive share value 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, below the phrases of its fifth decision, on an issuance, with out pre-emptive rights for shareholders, of three,368,258 new abnormal shares of the Firm at a value 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 Progress Paris previous the choice of the Firm’s Board of Administrators, equivalent to a complete subscription quantity of €4,308,001.98,” stated the press launch.
Within the Reserved Capital Improve, 3.37 million shares have been issued to chose buyers, together with Robbie van den Oetelaar, TOBAM Bitcoin Treasury Alternatives Fund, and Quadrille Capital, elevating over €4.3 million. The Non-public Placement raised one other €4.35 million through the issuance of three.4 million shares, concentrating on certified buyers.
“The Board of Administrators additionally selected a capital improve with out pre-emptive rights for shareholders by way of an providing completely concentrating on a restricted circle of buyers 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 way 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,” stated the press launch.
Moreover, on Might 12, The Blockchain Group announced it secured roughly €12.1 million by way of a convertible bond issuance reserved for Adam Again, CEO of Blockstream.
