Odaily Planet Daily News: European listed company The Blockchain Group (ALTBG) completed two rounds of financing totaling more than 22 million euros in one week. Among them, it raised 9.9 million euros through equity financing on May 9, with an issue price that was 61.7% higher than the 20-day average price. Investors included Tobam, Generali Ambition Solidaire, Jean-Marie Formigé, Quadrille Capital, EFG Bank, VP Bank, etc. On May 12, it issued 12.1 million euros of Bitcoin-denominated convertible bonds through its Luxembourg subsidiary, which was fully subscribed by Blockstream CEO Adam Back. The issue price was 30% higher than the first conversion price.
The funds will be used to strengthen Bitcoin holdings and develop subsidiary businesses such as data intelligence and AI. As a core member of "Bitcoin For Corporates", the company explores Bitcoin-centered capital structure innovations, including Bitcoin-denominated bonds and hard asset reserve strategies (Bitcoin Magazine)