Today, the Blockchain group (Altbg), registered on Euronext Growth Paris and known as the first European Bitcoin Treasury company, announced that it had raised around 12.1 million euros thanks to a convertible bonds reserved for Adam. This investment is part of their efforts to strengthen and accelerate their Bitcoin Treasury Company strategy.
The main objective of the company is to increase the number of bitcoins per share entirely diluted over time, not only to maintain bitcoin, but to increase its value on one part. The 12.1 million euros were collected through their subsidiary in exclusive property, the Luxembourg SA blockchain. The obligations issued, officially called OCA TRAISE 2, can be converted into ALTBG shares at a price of € 0.707. This price reflects a bonus of approximately 30% compared to tranche 1, which was published earlier in March 2025.
Tranche 2 was actually part of the initial agreement in March. Adam Back had a three -month option to subscribe to this second tranche after sliced 1, and now he decided to move forward with it. These convertible obligations give it the potential to receive up to 17176 106 new ALTBG shares – assuming that market conversion conditions are met.
The conversion can occur at any time if the price of the average action of the company reaches at least 30% compared to the conversion price of € 0.707 (which is € 0.919) over 20 days of consecutive negotiations. Obligations have a five -year maturity period, giving both parties a long -term horizon to see the value of this agreement.
It should also be noted that the conversion price of € 0.707 is a discount of 51.61% compared to the price of the company market on May 12, 2025. This makes it a very strategic decision, in particular given the current movements of prices and market conditions.
In a shared update on April 30, the blockchain group stressed that their objective is to develop the amount of bitcoin by entirely diluted part – not simply accumulating bitcoin passively. This investment agreement helps them advance this mission.
What stands out here is that the subscription was completely made of bitcoin, not in cash. This choice reflects the full commitment of the company to Bitcoin and its long -term value. He also aligned himself with their declared objective to operate as a real Bitcoin cash company. This new capital will help not only to develop their Bitcoin participations, but will also support innovation efforts thanks to their subsidiaries working in artificial intelligence, data intelligence and decentralized technology.
