TBG籌集了數千萬歐元購買比特幣

有一個古老的中文諺語：“男人的大膽越大，土地效率就越大。”法國上市公司Blockchain Group僅持有價值1.6億美元的比特幣，宣布將籌集數千億歐元購買比特幣。

Author: Weilin, PANews

作者：Weilin，Panews

There is an old Chinese saying, "The bolder the man, the more productive the land." And the French-listed company, which only holds $160 million worth of Bitcoin, announced that it would raise tens of billions of euros to purchase Bitcoin.

有一個古老的中文諺語：“男人的大膽越大，土地效率就越大。”這家僅持有價值1.6億美元的比特幣的法國上市公司宣布，購買比特幣將籌集數千億歐元。

On June 11, The Blockchain Group (stock code: ALTBG), a technology company located in Puteaux, France and listed on the Euronext Paris, held ordinary and extraordinary shareholders' meetings. The main purpose of the meeting was to increase the company's financing capacity by more than 10 billion euros to accelerate its "Bitcoin Treasury Company" strategy, with the goal of increasing the number of bitcoins per share on a fully diluted basis.

6月11日，位於法國普特亞（Puteaux）的技術公司區塊鏈集團（股票代碼：AltBG），在巴黎的Euronext Paris上列出，舉行了普通和非凡的股東會議。會議的主要目的是將公司的融資能力提高超過100億歐元，以加速其“比特幣財政公司”戰略，目的是在完全稀釋的基礎上增加每股比特幣數量。

As early as December 2024, the company received 2.5 million euros in financing, which attracted the participation of Adam Back, a British cryptographer and encryption hacker cited in the Bitcoin white paper.

早在2024年12月，該公司就獲得了250萬歐元的融資，這吸引了英國密碼師和比特幣白皮書中引用的英國密碼師和加密黑客的參與。

The Blockchain Group (TBG) strategy aims to create "insurance" against currency depreciation, and the model is based on a simple principle: increase the number of Bitcoins per share. To achieve this goal, two core strategies are followed: First, financing operations are issued at a premium to the stock price. Recent financing premiums range from 30% to 70%, so there is a "value-added effect" aimed at improving the interests of existing shareholders. Second, take a long-term perspective and measure performance in Bitcoin rather than in Euros or U.S. dollars. Will The Blockchain Group succeed in emulating Strategy's strategy?

區塊鏈組（TBG）策略旨在為貨幣折舊創建“保險”，該模型基於一個簡單的原則：增加比特幣的數量。為了實現這一目標，遵循了兩種核心策略：首先，以股價溢價融資運營。最近的融資保費從30％到70％不等，因此具有“增值效果”，旨在提高現有股東的利益。其次，以長期的視角為例，以比特幣而不是歐元或美元來衡量績效。區塊鏈集團是否會成功地模擬戰略的戰略？

Shareholders' meeting approves 10 billion euro Bitcoin treasury plan

股東大會批准100億歐元比特幣國庫計劃

Recently, The Blockchain Group held a shareholders' meeting and formally approved the Bitcoin treasury plan. The meeting also approved the proposal to appoint Alexandre Laizet as a director of the company, effective today, for a term of six years, which will expire at the end of the next Annual Ordinary General Meeting of Shareholders, which considers the financial statements for the fiscal year ending December 31, 2030. Alexandre Laizet, Deputy CEO, will be the head of Bitcoin strategy.

最近，區塊鏈集團舉行了股東會議，並正式批准了比特幣國庫計劃。會議還批准了任命Alexandre Laizet為公司董事的提議，今天生效了六年，該任期將在下次股東的下次年度普通股東大會結束時到期，該大會截至2030年12月31日截至12月31日的財務報表。

The approved financing amount is much higher than the 300 million euros at-the-market (ATM) mechanism announced by the company on June 9. The mechanism was established by The Blockchain Group in cooperation with asset management company TOBAM, allowing the company to issue new shares in batches at market prices at its discretion, and TOBAM will subscribe for them at its sole discretion. If the mechanism is fully implemented, TOBAM may obtain up to 39% of the company's shares.

批准的融資金額比該公司於6月9日宣布的3億歐元市場（ATM）機制高得多。該機制是由區塊鏈集團與資產管理公司Tobam合作建立的機制，使該公司可以自由批准以市場價格批量批量地批准新股票，並將其託管以其宗旨既有其Olition Inter Interscribrecribe instole deplation ipripirion ippripition ipprocrip。如果該機制已充分實施，則TOBAM最多可獲得公司股份的39％。

The approved financing tools include common stock, preferred stock, warrants and convertible bonds, so that the company's financial team can match financing costs and capital allocation according to market demand. The company's management plans to continue investing the proceeds of this financing authorization in similar Bitcoin acquisitions, making The Blockchain Group the most active listed Bitcoin buyer in Europe.

批准的融資工具包括普通股，優先股，認股權證和可轉換債券，以便公司的金融團隊可以根據市場需求匹配融資成本和資本分配。該公司的管理計劃繼續在類似的比特幣收購中繼續投資此融資授權的收益，使區塊鏈集團成為歐洲最活躍的比特幣購買者。

Executives said the company views the Bitcoin allocation as a supplementary use of idle capital, rather than a complete shift of its business model to a "single asset."

高管表示，該公司將比特幣分配視為閒置資本的補充用途，而不是將其業務模型完全轉移到“單一資產”。

It was difficult to make a profit for many years before the transformation, and currently holds $160 million in BTC

在轉型之前，很難獲利多年，目前持有BTC的1.6億美元

On June 3 this year, The Blockchain Group began to further invest in BTC on a large scale, purchasing 624 BTC worth about $69 million. Combined with previous purchases, as of June 12, according to bitcointreasuries data, the company held a total of 1,471 bitcoins with a total value of $160 million, with an average cost of $102,507 and a book profit of 5.21%.

今年6月3日，區塊鏈集團開始大規模進一步投資BTC，購買了624 BTC，價值約6900萬美元。根據比特幣庫數據，截至6月12日，該公司總共持有1,471個比特幣，總價值為1.6億美元，平均成本為102,507美元，圖書利潤為5.21％。

It has not always been a Bitcoin-centric company. In fact, until the end of 2023, TBG was a diversified blockchain technology company with businesses covering media, consulting, and software services. In October 2021, TBG opened its first North American office and blockchain research center in Montreal. In February 2022, TBG's blockchain organization The Blockchain Xdev reached a cooperation with NFT market Artrade to accelerate the latter's technology development and promote innovation in the NFT social ecosystem. On June 1, 2023, subsidiary Eniblock announced the launch of the Wallet as a Service (WaaS) beta version. From June 2023 to October 2024, TBG was relatively silent on Twitter for more than a year and did not post any content. In the past few years of development, The Blockchain Group's performance has been mixed, and profitability has always been difficult to achieve.

它並不總是以比特幣為中心的公司。實際上，直到2023年底，TBG還是一家多元化的區塊鏈技術公司，其企業涵蓋媒體，諮詢和軟件服務。 2021年10月，TBG在蒙特利爾開設了第一個北美辦公室和區塊鏈研究中心。 2022年2月，TBG的區塊鏈組織區塊鏈XDEV與NFT Market Arrade進行了合作，以加速後者的技術開發並促進NFT社會生態系統中的創新。 2023年6月1日，子公司Eniblock宣布推出該錢包作為服務（WAAS）Beta版本。從2023年6月到2024年10月，TBG在Twitter上相對沉默了一年多，沒有發布任何內容。在過去的幾年中，區塊鏈集團的表現混亂，盈利能力一直很難實現。

Everything changed in December 2023. A new board of directors was appointed and old subsidiaries were divested or liquidated. A new, leaner and more focused entity emerged, with two

2023年12月，一切都發生了變化。任命了一個新的董事會，並被剝離或清算了舊的子公司。出現了一個新的，更精簡，更集中的實體，有兩個