TBG筹集了数千万欧元购买比特币

有一个古老的中文谚语：“男人的大胆越大，土地效率就越大。”法国上市公司Blockchain Group仅持有价值1.6亿美元的比特币，宣布将筹集数千亿欧元购买比特币。

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.

有一个古老的中文谚语：“男人的大胆越大，土地效率就越大。”这家仅持有价值1.6亿美元的比特币的法国上市公司宣布，购买比特币将筹集数千亿欧元。

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，位于法国普特亚（Puteaux）的技术公司区块链集团（股票代码：AltBG），在巴黎的Euronext Paris上列出，举行了普通和非凡的股东会议。会议的主要目的是将公司的融资能力提高超过100亿欧元，以加速其“比特币财政公司”战略，目的是在完全稀释的基础上增加每股比特币数量。

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，该公司就获得了250万欧元的融资，这吸引了英国密码师和比特币白皮书中引用的英国密码师和加密黑客的参与。

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?

区块链组（TBG）策略旨在为货币折旧创建“保险”，该模型基于一个简单的原则：增加比特币的数量。为了实现这一目标，遵循了两种核心策略：首先，以股价溢价融资运营。最近的融资保费从30％到70％不等，因此具有“增值效果”，旨在提高现有股东的利益。其次，以长期的视角为例，以比特币而不是欧元或美元来衡量绩效。区块链集团是否会成功地模拟战略的战略？

Shareholders' meeting approves 10 billion euro Bitcoin treasury plan

股东大会批准100亿欧元比特币国库计划

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，区块链集团举行了股东会议，并正式批准了比特币国库计划。会议还批准了任命Alexandre Laizet为公司董事的提议，今天生效了六年，该任期将在下次股东的下次年度普通股东大会结束时到期，该大会截至2030年12月31日截至12月31日的财务报表。

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.

批准的融资金额比该公司于6月9日宣布的3亿欧元市场（ATM）机制高得多。该机制是由区块链集团与资产管理公司Tobam合作建立的机制，使该公司可以自由批准以市场价格批量批量地批准新股票，并将其托管以其宗旨既有其Olition Inter Interscribrecribe instole deplation ipripirion ippripition ipprocrip。如果该机制已充分实施，则TOBAM最多可获得公司股份的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.

批准的融资工具包括普通股，优先股，认股权证和可转换债券，以便公司的金融团队可以根据市场需求匹配融资成本和资本分配。该公司的管理计划继续在类似的比特币收购中继续投资此融资授权的收益，使区块链集团成为欧洲最活跃的比特币购买者。

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，该公司将比特币分配视为闲置资本的补充用途，而不是将其业务模型完全转移到“单一资产”。

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

在转型之前，很难获利多年，目前持有BTC的1.6亿美元

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，区块链集团开始大规模进一步投资BTC，购买了624 BTC，价值约6900万美元。根据比特币库数据，截至6月12日，该公司总共持有1,471个比特币，总价值为1.6亿美元，平均成本为102,507美元，图书利润为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.

它并不总是以比特币为中心的公司。实际上，直到2023年底，TBG还是一家多元化的区块链技术公司，其企业涵盖媒体，咨询和软件服务。 2021年10月，TBG在蒙特利尔开设了第一个北美办公室和区块链研究中心。 2022年2月，TBG的区块链组织区块链XDEV与NFT Market Arrade进行了合作，以加速后者的技术开发并促进NFT社会生态系统中的创新。 2023年6月1日，子公司Eniblock宣布推出该钱包作为服务（WAAS）Beta版本。从2023年6月到2024年10月，TBG在Twitter上相对沉默了一年多，没有发布任何内容。在过去的几年中，区块链集团的表现混乱，盈利能力一直很难实现。

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，一切都发生了变化。任命了一个新的董事会，并被剥离或清算了旧的子公司。出现了一个新的，更精简，更集中的实体，有两个