The Blockchain Group (ALTBG), a Paris-listed firm focused on data intelligence and decentralized technologies, has issued a 63.3 million euro ($71.9 million) in convertible bonds to further its bitcoin BTC treasury strategy.
This financing, executed through its Luxembourg subsidiary, highlights a significant push towards expanding the company’s BTC reserves and reinforcing its investor base.
A key component of the deal includes a $5.7 million BTC-denominated bond subscribed by Moonlight Capital, issued at a 30% premium over the May 23 closing price ($4.3/share).
The company also finalized the exercise of all rights for Convertible Bonds B-02 (“OCA Tranche 2”) initially reserved for strategic investors Fulgur Ventures and UTXO Management at $0.79/share, totaling $66 million.
Notably, investor Adam Back has converted all his OCA Tranche 1 bonds into 14.88 million shares, reinforcing long-term alignment with the company’s vision. These capital inflows are expected to fund the acquisition of 590 BTC, potentially increasing The Blockchain Group’s holdings to approximately 1,437 BTC.