The Blockchain Group Secures Nearly $72 Million to Drive Bitcoin Investments

The Blockchain Group Raises $71.9M in Convertible Bonds to Expand Bitcoin Holdings

Paris-listed firm The Blockchain Group (ALTBG), known for its focus on data intelligence and decentralized technologies, has secured €63.3 million ($71.9 million) through convertible bonds to advance its bitcoin accumulation strategy.

The funding round, conducted through the company’s Luxembourg subsidiary, underscores its commitment to bolstering BTC reserves while enhancing investor confidence.

Among the bondholders is Moonlight Capital, which subscribed to a $5.7 million bitcoin-denominated bond at a 30% premium above the May 23 closing price of $4.30 per share.

Strategic investors Fulgur Ventures and UTXO Management also exercised their rights on Convertible Bonds B-02 (“OCA Tranche 2”) at $0.79 per share, contributing $66 million in fresh capital.

Adam Back, a key shareholder, converted all his OCA Tranche 1 bonds into 14.88 million shares, reinforcing his long-term commitment to the company.

With this capital injection, The Blockchain Group aims to acquire approximately 590 BTC, potentially lifting its total bitcoin holdings to 1,437 coins.