Today, Blockchain Group (AltBG), listed on EuroNext Growth Paris and recognized as Europe’s first Bitcoin Treasury company, announced its acquisition of 75 additional Bitcoin for around 6.9 million euros. This purchase brings our total Bitcoin holdings to 1,728 btc, currently worth around 155.8 million euros.
The acquisition was funded through the final completion of a capital increase of 7.2 million euros, which was made through the company’s wholly owned Luxembourg subsidiary. The funds are fully provided by Tobam Managed Fund through the “ATM Type” Stock Program, announced on June 17, 2025, with stocks selling for an average of 4.49 euros each.
The press release stated: “The company will use the delegation of power granted to him by the board of directors on June 11, 2025 to act under the 12th resolution approved at the shareholders’ meeting on June 10, 2025, increasing the total amount of 7,191,143.60. EUR 4.49 per share.”
This has been converted to 1,838,235 new AltBG shares at a subscription price of 0.544 EUR per share, following the conversion of all OCA A-01 tranches 1 bonds held by Tobam.
“The company today confirmed the final conversion of all 1,000,000 OCA tranches by Tobam, resulting in 1,838,235 new common stock being issued at a subscription price of 0.544 EUR per share,” the press release states.
The company reports a BTC yield of 1,231.7% per year, with BTC gain of 492.7 BTC and a BTC gain of 45.2 million euros. In the current quarter alone, BTC’s surrender is 64.5%, earning 399.6 BTC.
Earlier this month, the company acquired 182 BTC for around 17 million euros, increasing its BTC total at the time to 1,653 BTC. The purchases were subscribed by investors such as UTXO Management, Moonlight Capital and Tobam and were funded through the issuance of convertible debt totaling over EUR 18 million.
The transaction was carried out through Swissquote Bank Europe and Bank Delubac in secure custody by Torus, a Swiss digital asset infrastructure company. Additional funds came from the conversion of 2.98 million share warrants, raising an additional 1.6 million euros.
Source: https://bitcoinmagazine.com/news/the-blockchain-group-acquires-75-btc-after-e7-2m-raise
