The Blockchain Group (ALTBG) Raises ~€9.7M Through a Mix of Equity and Convertible Bond Issuances

Today, The Blockchain Group (ALTBG), listed on Euronext Growth Paris and recognized as Europe's first Bitcoin Treasury Company

The Blockchain Group (ALTBG), listed on Euronext Growth Paris and recognized as Europe’s first Bitcoin Treasury Company, has announced the completion of equity and convertible bond financings for a total amount of around €9.7 million.

This move continues their efforts to build out their Bitcoin Treasury Company strategy.

"Today, The Blockchain Group announces the completion of equity and convertible bond financings for a total amount of ~€9.7M to pursue its Bitcoin Treasury Company strategy.

🟠 The Blockchain Group announces an equity and convertible bond issuance for a total amount of ~€9.7M to pursue its Bitcoin Treasury Company strategy

"This operation contributes to the Company's potential to complete its announced ambitions to acquire up to ~1,611 BTC in total. Following the recent high volatility in the Company's share price observed since the signing of the OCA Issuance Agreement, the conversion price of €0.544 reflects a discount of 89.52% compared to the closing price on June 12, 2025.

"Given the recent high volatility in the Company's share price observed since the signing of the OCA Issuance Agreement, the conversion price of €0.544 reflects a discount of 89.52% compared to the closing price on June 12, 2025.

"These operations could allow for the potential acquisition of ~80 BTC, bringing the Company's total potential holdings to ~1,611 BTC, including the proceeds from the potential completion of remaining operations announced in the press release dated May 26, 2025.

"This tranche completes the OCA Tranche 1 bonds conversion into shares and includes an additional subscription to 2.1M shares in ALTBG at a price of €0.544 for a total amount of €1.16M.

"The Company recalls that Adam Back notified The Blockchain Group of his intention to convert all OCA Tranche 1 he holds, in accordance with the terms of the OCA Issuance Agreement entered into on March 4, 2025, the details of which were disclosed in a press release dated March 6, 2025, and which the Company now confirms has been definitively completed.

"This operation contributes to the Company's potential to complete its announced ambitions to acquire up to ~1,611 BTC in total.

"Following the recent high volatility in the Company's share price observed since the signing of the OCA Issuance Agreement, the conversion price of €0.544 reflects a discount of 89.52% compared to the closing price on June 12, 2025.

"These operations could allow for the potential acquisition of ~80 BTC, bringing the Company's total potential holdings to ~1,611 BTC, including the proceeds from the potential completion of remaining operations announced in the press release dated May 26, 2025.

"The Company announces today that the convertible bonds issued to TOBAM have been converted into shares and that an additional subscription to shares has been carried out.

"The announced convertible bonds issued to TOBAM for a total amount of ~€6M have been converted into shares at a price of €6.24 per share, i.e., a premium of 30% over the closing price of ALTBG shares on June 9, 2025, and a total of 1M bonds have been converted into shares.

"In addition, TOBAM has subscribed for an additional 262,605 shares in ALTBG at a price of €0.544 per share for a total amount of ~€0.14M.

"This tranche completes the OCA Tranche 1 bonds conversion into shares and includes an additional subscription to 2.1M shares in ALTBG at a price of €0.544 for a total amount of €1.16M.

"The Company recalls that Adam Back notified The Blockchain Group of his intention to convert all OCA Tranche 1 he holds, in accordance with the terms of the OCA Issuance Agreement entered into on March 4, 2025, the details of which were disclosed in a press release dated March 6, 2025, and which the Company now confirms has been definitively completed.

"This operation contributes to the Company's potential to complete its announced ambitions to acquire up to ~1,611 BTC in total.

"Following the recent high volatility in the Company's share price observed since the signing of the OCA Issuance Agreement, the conversion price of €0.544 reflects a discount of 89.52% compared to the closing price on June