The Blockchain Group (ALTBG), listed on Euronext Progress Paris and generally known as Europe’s first Bitcoin Treasury Firm, has introduced a capital enhance 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 Could 19, 2025, reflecting current excessive share worth volatility.
“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,” stated the press launch.
Within the Reserved Capital Improve, 3.37 million shares had 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 Personal Placement raised one other €4.35 million through the issuance of three.4 million shares, concentrating on certified buyers.
“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, ” acknowledged the press launch.
The funds will assist The Blockchain Group’s ongoing technique of accumulating Bitcoin and increasing its subsidiaries in information intelligence, AI, and decentralized tech. Following this capital enhance, the corporate’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,” stated the press launch.
Moreover, on Could 12, The Blockchain Group introduced it secured roughly €12.1 million by means of a convertible bond issuance reserved for Adam Again, CEO of Blockstream.
