The European listed company The Blockchain Group (ALTBG) announced the completion of two capital increases, totaling approximately 6 million euros, to advance its Bitcoin treasury company strategy. The first round raised about 1.1 million euros through an "ATM-type" agreement with TOBAM, at a price of approximately 3.95 euros per share; the second round was fully subscribed by Bitcoin technology expert Adam Back for about 5 million euros, at a price of 4.01 euros per share. This financing will increase the company's potential Bitcoin holdings by approximately 50 BTC, bringing the total holdings to 1,983 BTC.
The Blockchain Group Announces Approximately EUR 6 Million Capital Increase to Advance Bitcoin Treasury Strategy
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