ChainCatcher reports that, according to Bitcoin Magazine, the European listed company The Blockchain Group (ALTBG) completed two rounds of financing totaling over 22 million euros within a week. On May 9th, they raised 9.9 million euros through equity financing at a price 61.7% premium to the 20-day average, with investors including Tobam, Generali Ambition Solidaire, Jean-Marie Formigé, Quadrille Capital, EFG Bank, VP Bank, and others. On May 12th, they issued 12.1 million euros in Bitcoin-denominated convertible bonds through their Luxembourg subsidiary, fully subscribed by Blockstream CEO Adam Back, at a price 30% premium to the first batch conversion price.
The funds will be used to strengthen Bitcoin holdings and develop subsidiaries in data intelligence, AI, and other businesses. As a core member of "Bitcoin For Corporates", the company is exploring capital structure innovations centered on Bitcoin, including Bitcoin-denominated bonds and hard asset reserve strategies.
