PANews reported on May 27 that according to an official announcement, The Blockchain Group (Euronext code: ALTBG), Europe's first Bitcoin reserve listed company, completed two rounds of convertible bond issuance through its wholly-owned subsidiary in Luxembourg: the first round of 5 million euros was subscribed by Moonlight Capital, with a conversion price of 3.809 euros per share (a 30% premium over the closing price on May 23); the second round of 58.3 million euros was subscribed by Fulgur Ventures (55.3 million euros) and UTXO Management (3 million euros), with a conversion price of approximately 0.707 euros per share. All bonds were subscribed in the form of Bitcoin, and it is expected that 590 BTC will be added, bringing the company's potential total Bitcoin holdings to 1,437. This financing continues its "Bitcoin Finance Company" strategy, that is, while developing data intelligence and AI businesses, it continues to increase Bitcoin holdings, with the goal of increasing Bitcoin reserves per share.
The Blockchain Group announced the issuance of 63.3 million euros of convertible bonds, and it is expected to increase its holdings by 590 BTC
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Author: PA一线
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