The Blockchain Group Raises 63.3 Million Euros in Convertible Bonds to Boost Bitcoin Reserves

The Blockchain Group, a Paris-listed firm specializing in data intelligence and decentralized technologies, has successfully issued 63.3 million euros ($71.9 million) in convertible bonds. This strategic financing move is aimed at bolstering the company's bitcoin treasury strategy and expanding its bitcoin reserves. The issuance was executed through its Luxembourg subsidiary, underscoring the company's commitment to enhancing its financial position and investor confidence.

A significant aspect of this financing round is the $5.7 million BTC-denominated bond subscribed by Moonlight Capital. This bond was issued at a 30% premium over the May 23 closing price, reflecting strong investor interest and confidence in the company's future prospects. Additionally, the company finalized the exercise of all rights for Convertible Bonds B-02 ("OCA Tranche 2"), initially reserved for strategic investors Fulgur Ventures and UTXO Management, at $0.79 per share, totaling $66 million.

Investor Adam Back has also played a crucial role in this financing round by converting all his OCA Tranche 1 bonds into 14.88 million shares. This move aligns with the company’s long-term vision and reinforces the investor's commitment to The Blockchain Group's strategic goals. The capital inflows from these transactions are expected to fund the acquisition of 590 BTC, potentially increasing The Blockchain Group’s holdings to approximately 1,437 BTC. This significant increase in bitcoin reserves is set to strengthen the company's position in the market and further its strategic objectives.