At present, The Blockchain Group (ALTBG), listed on Euronext Progress Paris and often known as Europe’s first Bitcoin Treasury Firm, announced it has raised roughly €12.1 million by way of a convertible bond issuance reserved for Adam Again. This funding is a part of their effort to strengthen and speed up their Bitcoin Treasury Firm technique.
The corporate’s major focus is to extend the variety of bitcoin per absolutely diluted share over time, not simply maintain bitcoin, however develop its worth on a per-share foundation. The €12.1 million was raised by way of their wholly-owned subsidiary, The Blockchain Group Luxembourg SA. The bonds issued, formally known as OCA Tranche 2, may be transformed into ALTBG shares at a worth of €0.707. This worth displays a roughly 30% premium in comparison with Tranche 1, which was issued earlier in March 2025.
Tranche 2 was truly a part of the unique settlement again in March. Adam Again had a three-month choice to subscribe to this second tranche after Tranche 1, and now he’s determined to maneuver ahead with it. These convertible bonds give him the potential to obtain as much as 17,176,106 new ALTBG shares—assuming the market circumstances for conversion are met.
The conversion can occur at any time if the corporate’s common inventory worth reaches not less than 30% over the €0.707 conversion worth (which is €0.919) over 20 consecutive buying and selling days. The bonds have a maturity interval of 5 years, giving each events a long-term horizon to see worth from this deal.
Additionally value noting, the €0.707 conversion worth is a 51.61% low cost in comparison with the corporate’s market worth on Could 12, 2025. That makes this a really strategic transfer, particularly given present worth actions and market circumstances.
In an update shared on April 30, The Blockchain Group emphasised that their objective is to develop the quantity of bitcoin per absolutely diluted share—not simply accumulate bitcoin passively. This funding deal helps them push that mission ahead.
What stands out right here is that the subscription was made solely in bitcoin, not money. That selection displays the corporate’s full dedication to bitcoin and its long-term worth. It additionally aligns with their acknowledged objective of working as a real Bitcoin Treasury Firm. This new capital is not going to solely assist develop their bitcoin holdings however can even help innovation efforts by way of their subsidiaries working in synthetic intelligence, information intelligence, and decentralized expertise.