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The Blockchain Group Secures $71.9M to Fuel Bitcoin Acquisition
Strategic financing boosts bitcoin treasury holdings and investor confidence.
Updated May 27, 2025, 2:21 p.m. Published May 27, 2025, 8:02 a.m.
What to know:
- The Blockchain Group has issued $71.9 million in convertible bonds to enhance its bitcoin treasury strategy.
- Moonlight Capital subscribed to a $5.7 million BTC-denominated bond at a 30% premium.
- Investor Adam Back converted his bonds into 14.88 million shares, aligning with the company's long-term vision.
The Blockchain Group (ALTBG), a Paris-listed firm focused on data intelligence and decentralized technologies, has issued a 63.3 million euro ($71.9 million) in convertible bonds to further its bitcoin treasury strategy.
This financing, executed through its Luxembourg subsidiary, highlights a significant push towards expanding the company's BTC reserves and reinforcing its investor base.
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A key component of the deal includes a $5.7 million BTC-denominated bond subscribed by Moonlight Capital, issued at a 30% premium over the May 23 closing price ($4.3/share).
The company also finalized the exercise of all rights for Convertible Bonds B-02 ("OCA Tranche 2") initially reserved for strategic investors Fulgur Ventures and UTXO Management at $0.79/share, totaling $66 million.
Notably, investor Adam Back has converted all his OCA Tranche 1 bonds into 14.88 million shares, reinforcing long-term alignment with the company’s vision. These capital inflows are expected to fund the acquisition of 590 BTC, potentially increasing The Blockchain Group’s holdings to approximately 1,437 BTC.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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