
Blockchain group (altbg)Paris, listed on the European text growth, has received about 11 million euros (USD 13 million) In fresh funds, it doubles to become The first bitcoin in Europe
Finance Company.
This strategic move underscores the company’s commitment to increase its Bitcoin holdings relative to its share count, aiming to bring long-term value to investors through exposure to digital assets.
Part of the fundraising campaign included the completion of a “ATM-Type” agreement with asset manager Tobam, which increased capital by €5251 per share by $1.18 million.
Meanwhile, the company’s wholly owned subsidiary of Luxembourg issued 10 million euros (USD 11.8 million) In convertible bonds, the price is €5.174 per share, reflecting a 30% premium on the closing price on June 27. Tobam subscribed to €5 million, while Bitcoin pioneer Adam returned to invest about €5 million.
Blockchain Group currently holds 1,794 BTC, while its shares rose 1% on Tuesday.