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July 1, 2025 – The Blockchain Group (ALTBG), a pioneering company listed on Euronext Growth Paris, today announced it has successfully raised approximately €11 million ($13 million) in fresh funding. This significant capital injection, comprising a €1 million capital increase and €10 million in convertible bonds, will substantially advance the Group's strategic objective of becoming Europe's first dedicated Bitcoin Treasury Company.
This strategic funding round attracted key investors, notably including asset manager TOBAM and Bitcoin pioneer Adam Back, both of whom subscribed to the convertible bonds at a 30 percent premium. Their participation underscores a strong vote of confidence in The Blockchain Group's innovative approach to corporate treasury management and its commitment to the digital asset space.
The Blockchain Group launched its pioneering "Bitcoin Treasury Company" strategy in Europe on November 5, 2024. This strategy is focused on the objective of increasing the number of Bitcoin per share over time by leveraging the holding company's excess cash and appropriate financing instruments. This strategic move highlights the firm’s dedication to growing its Bitcoin holdings relative to its share count, aiming to deliver long-term value to investors through direct exposure to digital assets.
"This successful fundraising round is a pivotal moment for The Blockchain Group as we solidify our position at the forefront of the Bitcoin Treasury Company movement in Europe," stated a representative from The Blockchain Group. "The strong support from investors like TOBAM and Adam Back validates our vision to integrate Bitcoin into corporate balance sheets, offering our shareholders a unique and forward-thinking investment proposition aligned with the future of finance."
The capital increase was completed at €5.251 per share under an "ATM-type" agreement with TOBAM. In parallel, the company’s wholly owned Luxembourg subsidiary issued €10 million ($11.8 million) in convertible bonds, priced at €5.174 per share, reflecting a 30 percent premium over the June 27 closing price. TOBAM subscribed for €5 million, with Bitcoin pioneer Adam Back investing approximately €5 million.
As of the latest reports, The Blockchain Group currently holds 1,794 BTC, demonstrating tangible progress in its treasury strategy. Beyond its Bitcoin treasury operations, The Blockchain Group also maintains active operational companies specializing in Data Intelligence, Artificial Intelligence (AI), and Decentralized Technology development. This dual focus positions the Group at the intersection of cutting-edge technology and innovative financial strategies.
The funds raised will be deployed to further expand the Group's Bitcoin holdings and to continue developing its core operational activities, reinforcing its leadership in both the digital asset and advanced technology sectors.
About The Blockchain Group
The Blockchain Group (ALTBG), listed on Euronext Growth Paris, is a pioneering Bitcoin Treasury Company in Europe. Launched in November 2024, its core strategy is to increase Bitcoin holdings per share over time, providing investors with direct exposure to digital assets. Complementing this, The Blockchain Group also operates in Data Intelligence, Artificial Intelligence, and Decentralized Technology development. The Group is committed to unlocking the power of technology for all business sectors and building the future of finance.
Compiled by CMO Intern team
