The Blockchain Group accelerates on the Bitcoin strategy: issues for 9.7 million euros and new acquisitions in BTC
The post The Blockchain Group accelerates on the Bitcoin strategy: issues for 9.7 million euros and new acquisitions in BTC appeared on BitcoinEthereumNews.com.
The Blockchain Group, the first Bitcoin Treasury Company in Europe, has announced a series of financial operations with a total value of 9.7 million euros, aimed at strengthening its exposure in Bitcoin. Furthermore, the goal is to consolidate its position in the decentralized technology sector. The operations, conducted through the Luxembourg subsidiary The Blockchain Group Luxembourg SA, include issuances of convertible bonds and subscriptions in BTC. In particular with the involvement of prominent investors such as TOBAM, Adam Back, and Ludovic Chechin-Laurans. New issuances by The Blockchain Group to strengthen the treasury in Bitcoin Following the meeting on June 10, 2025, the Board of Directors authorized the issuance of Convertible Bonds A-03 Tranche 1 for a nominal value of 6 million euros, fully subscribed by TOBAM. The bonds, with a nominal value of 1 euro each, grant the right to convert into 961,538 ordinary shares of the company at a price of 6.24 euros per share, with a 30% premium compared to the closing price on June 9, 2025. The 95% of the funds raised will be allocated to the purchase of Bitcoin, while the remaining 5% will cover the operational expenses of the Luxembourg branch. The bonds will be convertible at any time until June 10, 2028, provided that the volume-weighted average price (VWAP) of the shares reaches at least 130% of the conversion price, which is 8.112 euros. Within three months from the issuance of Tranche 1, TOBAM may subscribe to Tranche 2 of the A-03 Convertible Bonds, for a maximum amount of 9 million euros. The conversion conditions remain similar, but the conversion price rises to 8,112 euros per share, with the possibility of conversion being activated if the VWAP reaches at least 10,5456 euros. In parallel, Ludovic Chechin-Laurans exercised the subscription right of the Tranche 2…
Filed under: News - @ June 16, 2025 7:25 pm