The Blockchain Group Bolsters Bitcoin Holdings and Capital Base
Main Idea
The Blockchain Group (ALTBG) has increased its Bitcoin holdings and capital base, reporting significant BTC gains and strategic financial moves.
Key Points
1. The Blockchain Group purchased 60 BTC for about 5.5 million euros, bringing its total holdings to 1,788 BTC valued at approximately 161.3 million euros.
2. Notable transactions include Blockstream CEO Adam Back subscribing to over 2.1 million new shares for around 1.16 million euros, and French asset manager TOBAM subscribing to 262,605 new shares for just under 143,000 euros.
3. The company exercised warrants called BSA 2025-01, issuing over 1.1 million shares to acquire 6 BTC, and completed an 'ATM-type' capital increase with TOBAM, raising 4.1 million euros to fund 41 BTC.
4. Year-to-date, The Blockchain Group has achieved a BTC Yield of 1,270% and gains of roughly 508.3 BTC, translating to around 46.7 million euros.
Description
The Blockchain Group (ALTBG) announced a series of strategic moves enhancing both its bitcoin treasury BTC and capital structure. The Paris-based company bought 60 BTC for about 5.5 million euros ($6.5 million), bringing its total holdings to 1,788 BTC valued at about 161.3 million euros, with an average price of 90,213 euros each. Notable transactions include Blockstream CEO Adam Back subscribing to over 2.1 million new shares for around 1.16 million euros, and French asset manager TOBAM subscr...
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