BlockchainGroup

Blockchain Group has closed a funding round of over 22 million euros to accelerate its Bitcoin funding strategy.
According to 'Odyssey Planet Daily', the publicly listed Blockchain Group (ALTBG) completed two funding rounds totaling more than 22 million euros within a week. On May 9, the company raised 9.9 million euros through equity financing. The issuance price was 61.7% higher than the average price over 20 days. The participating investors included Tobam, Generali Ambition Solidaire, Jean-Marie Formigé, Quadrille Capital, EFG Bank, VP Bank, and others. On May 12, Blockstream issued convertible bonds worth 12.1 million euros denominated in Bitcoin through its subsidiary in Luxembourg, which was fully subscribed by Blockstream CEO Adam Back. The issuance price was 30% higher than the initial conversion price. The funds will be used to bolster Bitcoin holdings and develop subsidiary businesses such as data intelligence and artificial intelligence. As a key member of 'Bitcoin For Corporates', the company is exploring Bitcoin-centered capital structure innovations, including Bitcoin-denominated bonds and fixed asset reserve strategies (Bitcoin Magazine) #BlockchainGroup $BTC