Blockchain Group Secures €6 Million to Boost Bitcoin Investment Strategy
The blockchain Group Secures €6 Million to Enhance Bitcoin Strategy
Overview of the Capital Raise
The blockchain Group, known as ALTBG and recognized as Europe’s pioneering publicly traded Bitcoin Treasury Company, has successfully raised around €6 million to bolster its Bitcoin-focused strategy. This funding initiative is a significant step in the company’s ongoing commitment to expanding its Bitcoin holdings.
Details of the Funding
The recent capital influx comprises €1.1 million obtained through an at-the-market (ATM) share issuance to TOBAM, priced at an average of €3.95 per share. Additionally, a private placement fully subscribed by Adam Back raised €5 million at €4.01 per share. The funding was finalized on July 14, 2025, following subscription requests from TOBAM collected between July 7 and July 11.
Shares were issued under the ATM mechanism, with a pricing cap set at 21% of the previous day’s trading volume. The average share price of €3.9493 represented a 5.1% discount compared to the closing price on July 11.
Previous Capital Raise and Bitcoin Acquisition
In a separate funding round, The blockchain Group had previously announced a €3 million capital raise, which was utilized to purchase 29 Bitcoin at a total cost exceeding €2.8 million. The acquisition was facilitated by Banque Delubac & Cie, which also ensured the secure custody of the Bitcoin through a technological solution provided by Taurus, a leading firm in digital asset infrastructure.
Current Bitcoin Holdings and Performance
As of now, The blockchain Group holds a total of 1,933 Bitcoin, valued at approximately €174.8 million, with an average acquisition cost of €90,406 per Bitcoin. The company has reported an impressive yield of 1,368.3% year-to-date from its Bitcoin investments, which includes an increase of 547.3 Bitcoin and a profit of €52.1 million. For the current quarter, the firm has noted a yield of 7.1%, reflecting an additional 127.3 Bitcoin and a value exceeding €12.1 million.
Future Plans and Shareholder Decisions
On July 8, 2025, the company announced its intention to execute a capital increase amounting to €2,997,177.20, in accordance with the twelfth resolution approved during the shareholders’ meeting on June 10, 2025. This will involve the issuance of 739,000 new ordinary shares at an average subscription price of approximately €4.056 per share.
The blockchain Group’s strategic moves underscore its commitment to enhancing its Bitcoin treasury and maximizing shareholder value in the rapidly evolving cryptocurrency landscape.
