According to Deep Tide TechFlow, French fintech company BD Multimedia announced on June 19 that it successfully raised 1 million euros through the issuance of convertible bonds (OCA), launching its 'BTC Treasury Company' strategy.
The company plans to invest all funds in Bitcoin, with a conversion price of 12 euros, a premium of 48.1% over the market price. This strategy will keep the dilution rate below 1% and will comply with the ACPR and PSAN regulatory framework.
BD Multimedia states that this is just the beginning of its Bitcoin investment strategy.