The blockchain group (Altbg), registered on Euronext Growth Paris and known as the first European Bitcoin Treasury company, announced a capital increase of around 8.6 million euros when it moves forward with its strategy of the Bitcoin cash company. The funding was lifted by two operations, a reserved capital increase and a private investment, both at a price of € 1.279 per share.
This price represents a bonus of 20.18% compared to the means of weighted action according to the volume of 20 days, but a discount of 46.26% compared to the closing price of May 19, 2025, reflecting the recent volatility of the equity price.
“The Company’s Board of Directors Decided On May 19, 2025, Using the Delegated Authority Grantond by the Shareholders’ Meeting Held on Februry 21, 2025, Under the Terms of its 5th Resolution, on an Annuance, Without Pre-Emptive Rights for Shareholders, of 3.368,258 Ordinary Shares of the Company at a price of € 1,2790 per share, include an premium result, premium of approximately 20.18% compared to the weighted average of the twenty closing prices of the ALTBG shares on Euronext Growth Paris preceding the decision of the board of directors of the company, corresponding to a total amount of subscription of 4 308 € 001.98, ”said the press release.
In the reserved capital increase, 3.37 million shares were issued to selected investors, notably Robbie Van Den Oetelaar, Tobam Bitcoin Treasury Opportunities Fund and Quadrille Capital, increasing more than 4.3 million euros. Private placement has raised another 4.35 million euros via the issue of 3.4 million shares, targeting qualified investors.
“The Board of Directors has also decided to increase capital without preventive rights for shareholders thanks to an offer exclusively targeting a limited circle of investors acting by their own name or a qualified investor,” said the press release.
The funds will support the continuous strategy of the Blockchain group consisting in accumulating bitcoin and extending its subsidiaries in data intelligence, AI and decentralized technology. After this increase in capital, the company’s share capital amounts to 4.37 million euros, divided in more than 109 million shares.
“The funds raised thanks to the capital increase will allow the company to strengthen its Bitcoin Treasury Company strategy, consisting of the accumulation of Bitcoin, while continuing to develop the operational activities of its subsidiaries,” the press release said.
In addition, on May 12, the Blockchain group announced that it had obtained around 12.1 million euros thanks to a convertible bond issue reserved for Adam Back, CEO of Blockstream.
