PANews reported on June 13 that according to Bitcoin Magazine, the European listed company The Blockchain Group (ALTBG) announced the completion of 9.7 million euros in financing to promote its Bitcoin reserve strategy. The funds were raised through a combination of equity and convertible bonds, with major investors including Adam Back, TOBAM and Ludovic Chechin-Laurans. Among them, TOBAM subscribed to 6 million euros of convertible bonds with a conversion premium of 30%; Ludovic Chechin-Laurans invested 2.4 million euros in the form of Bitcoin; Adam Back converted all of his first-phase bonds into 14.9 million shares of ALTBG and subscribed for an additional 2.1 million shares. The financing is expected to increase the company's holdings by about 80 bitcoins, and the total reserve will reach 1,611.