PANews reported on May 21 that according to Bitcoin Magazine, The Blockchain Group (ALTBG), a listed company on the Paris Euronext exchange, raised 8.6 million euros through targeted additional issuance and private placement to accelerate its Bitcoin reserve strategy. The issue price was 1.279 euros per share, a 20.18% premium to the average price on the 20th, but a 46.26% discount to the closing price on May 19.
Investors include Robbie van den Oetelaar, TOBAM Bitcoin Opportunities Fund, and Quadrille Capital. The company stated that the funds will be used to increase Bitcoin holdings and develop data intelligence, artificial intelligence, and decentralized technology subsidiaries. Previously, on May 12, the company also raised 12.1 million euros through convertible bonds issued to Blockstream CEO Adam Back.
