The Blockchain Group Issues €12.1M in Convertible Bonds to Accelerate Bitcoin Treasury Strategy

The Blockchain Group (ticker: ALTBG), listed on Euronext Growth Paris, has announced the completion of approximately €12.1 million in reserved convertible bonds to accelerate its Bitcoin Treasury strategy.

The move follows the company’s status as Europe’s first publicly listed Bitcoin Treasury Company.

Announced Monday, the issuance was carried out through the company’s wholly owned Luxembourg subsidiary, The Blockchain Group Luxembourg SA. Shares will be issued at €0.707 per share without preferential subscription rights.

This capital was raised via the exercise of subscription rights for Convertible Bonds B-02 (OCA Tranche 2), reserved for strategic investor Adam Back, following his initial participation in Tranche 1 on March 6, 2025.

The bonds carry a ~30% conversion premium over the B-01 tranche and aim to support The Blockchain Group’s growing Bitcoin reserves while continuing to fund its broader operations in data intelligence, AI, and decentralized consulting.

The company previously outlined its Bitcoin accumulation strategy in a presentation dated April 30, 2025, which focused on boosting BTC holdings per fully diluted share. The full investor presentation is accessible on the company’s official website.

As traditional financial firms like Fidelity and BlackRock increase exposure to digital assets, The Blockchain Group’s latest move signals growing momentum in integrating Bitcoin into corporate treasury models across Europe.