🇪🇺 Europe’s First “Bitcoin Treasury Company” Expands BTC Holdings
Company: The Blockchain Group (ALTBG)
Deal Structure:
Partnered with TOBAM through its ATM (At-the-Market) program
€3 million capital increase
739,000 new shares issued at €4.06/share
Proceeds used to acquire ~25 BTC
Total Holdings (Post-Acquisition):
🔐 ~1,929 BTC
(Current value ≈ over €100 million depending on BTC price)
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💡 Why This Matters:
1. Institutional Maturity in Europe:
ALTBG becoming Europe’s first self-described Bitcoin treasury company reflects increasing alignment with U.S.-style treasury models (e.g., MicroStrategy).
2. TOBAM Partnership:
TOBAM is a well-established French asset manager known for early crypto exposure, giving this move added credibility in traditional finance circles.
3. Shareholder Strategy:
Using equity to buy BTC is similar to how U.S. companies like MicroStrategy issue stock or convertible notes to fund Bitcoin purchases.
4. Signals Growing Confidence:
A capital raise specifically for BTC acquisition in a regulated European environment highlights confidence in Bitcoin as a long-term strategic asset.
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🧠 Final Thought:
> Europe may now be entering its "MicroStrategy era", with ALTBG paving the way for listed firms to treat Bitcoin as a core treasury reserve asset.