Blockchain group (Altbg), Listed in Euronext Growth Paris known as the first company for the Bitcoin Ministry in Europe, Declare The capital increase is about 8.6 million euros as it is pushed forward with the strategy of Bitcoin Treasury Company. The financing was collected through two processes, the seized capital increased and a special position, at a price of 1.279 euros per share.
This price is 20.18 % on the average share price for 20 days, but a 46.26 % discount compared to the closing price on May 19, 2025, which reflects the volatility of the last high share prices.
The company’s board of directors decided on May 19, 2025, to use the authorized authority granted by the shareholders meeting held on February 21, 2025, according to the terms of its fifth decision, based on a issue, without any preventive rights for shareholders, including the release of 3,368,258 new normal shares from the company. Paris, which precedes the decision of the company’s board of directors, which corresponds to the total subscription amount of 4,308,001.98 euros, ”said the press statement.
In increasing the seized capital, 3.37 million shares were issued to chosen investors, including Robbie Van Den Otelaar, Tobcoin Tobcoin, and Quadrille Capital, collected more than 4.3 million euros. The private position raised another 4.35 million euros by issuing 3.4 million shares, and targeting qualified investors.
“The Board of Directors also decided to increase the capital without proactive rights for the shareholders through an offer that exclusively targets a limited circle of investors who are behaving on their behalf or a qualified investor,” the press statement stated.
The funds will support the continuous Blockchain group of Bitcoin accumulation and expansion of its subsidiaries in data intelligence, artificial intelligence, and decentralized technology. After increasing this capital, the company’s capital is 4.37 million euros, divided into more than 109 million shares.
The press statement said: “The money collected by increasing the capital will enable the company to enhance the strategy of Bitcoin Treasury Company, which consists of bitcoin accumulation, while continuing to develop the operational activities of its subsidiary companies.”
In addition, on May 12, Blockchain Group announced that it had received about 12.1 million euros by issuing convertible bonds dedicated to Adam Pak, CEO of Blockstream.
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