Today, the Blockchain group (Altbg), registered on Euronext Growth Paris and recognized as the first European Treasury Bitcoin company, announced that it had raised around 9.7 million euros thanks to a mixture of emissions of equity and convertible bonds. This decision is part of their continuous pressure to develop its Bitcoin Treasury Company strategy.
The funding comes from several sources and was carried out through their luxury subsidiary in exclusive property, “the Luxembourg SA group of the Blockchain group”. A large part, around 6 million euros, was lifted by an issue of convertible bonds in Tobam, with bonds at a price of € 6.24 per share. This price reflects a bonus of 30% compared to the closing price of Altbg on June 9, 2025.
The Chechechine Ludovic-Laurans also arrived with around 2.4 million euros, subscribing in BTC at a conversion price of around € 0.7072 per share. This was part of an agreement initially implemented in March 2025. If the share price climbed to 30% above this level, at around € 0.919 over 20 days of consecutive negotiations, it will be able to convert 3.4 million new ALTBG shares into 3.4 million.
Adam Back has also finalized its conversion of all OCA bonds for 1 in 14.9 million ALTBG shares and subscribed to 2.1 million additional shares for € 1.16 million to 0.544 € per share.
“The company recalls that Adam Back informed the Blockchain group of its intention to convert the entire OCA Tranche 1 which it holds, in accordance with the terms of the OCA emission agreement concluded on March 4, 2025, the details of which were disclosed in a press release dated March 6, 2025, and that the company has now confirmed,” said the press release.
Tobam did the same, converting 1 million bonds in 1.84 million shares and subscribed to 262,605 new shares for 0.14 million euros.
“Given the recent high volatility of the company’s share of the company observed since the Signing of the OCA emission agreement, the conversion price of € 0.544 reflects a discount of 89.52% compared to the closing price on June 12, 2025,” added the press release.
“These operations could allow a potential acquisition of ~ 80 BTC, bringing the company’s total potential assets to around 1,611 BTC, including the product of the potential completion of the remaining operations announced in the press release dated May 26, 2025,” said the press release.
