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$The Blockchain Group, a Paris-listed decentralized technology development company, has completed a €63.3 million convertible bond issuance to add more Bitcoin to its treasury. In a May 26 announcement, the firm confirmed that the issuance was carried out through its wholly-owned Luxembourg subsidiary, The Blockchain Group Luxembourg SA. The operation will enable the company to acquire approximately 590 BTC based on current prices, raising its total potential holdings to around 1,437 BTC. According to data from Bitcointreasuries, the firm currently holds 847 BTC. According to the Blockchain Group, 95% of the proceeds will be allocated for Bitcoin purchases, while the remaining 5% will be used for operational expenses and management fees. The bonds, subscribed and denominated in Bitcoin, are convertible into shares of The Blockchain Group at varying strike prices depending on the tranche and investor. Fulgur Ventures accounted for the majority of the €63.3 million (approximately $72 million) raised, subscribing to Tranche 2 bonds valued at approximately €55.3 million. UTXO Management contributed an additional €3 million. Meanwhile, Moonlight Capital subscribed to a separate tranche at a conversion price of €3.809 per share, totalling around €5 million. The Blockchain Group began accumulating Bitcoin in November 2024. In its 2024 financial results, the company reported a 709% yield on its Bitcoin holdings. The firm’s long-term goal is to acquire 1% of the total Bitcoin supply, which is around 170,000 BTC, by 2032, while steadily increasing the number of Bitcoins per fully diluted share over time. The Paris-listed company, which focuses on AI, data intelligence, and blockchain development, saw its stock (ALTBG) rise by over 1,350% since it first acquired Bitcoin in November 2024. As of May 26, shares were trading at €2.77, marking a 766% year-to-date gain despite a 5.5% drop on the day. $BTC

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TODAY'S WOTD #WOTD

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Singaporean Investors Are Increasing Their XRP Holdings

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$BTC #BTCPrediction What’s happening with Bitcoin right now: First of all, the 105–106K support worked as a launchpad for a rebound, from which we made a new high. While this move was predictable, it was the least expected scenario for me. The drop from 109K to 106K was sharp, resembling a primary position dump by a major player. Now we’re gradually forming a rising wedge within a sideways range (the wedge is marked with white lines, the range with yellow). I expect the Asian session (China) to attempt a liquidity grab above the highs, followed by another position flush. The first support zone to watch is around 107,800–108,800. If that doesn’t hold, we’ll likely head toward the 104–105K zone. For long traders, a bullish scenario is only possible if the price closes above 112–113K on a 4-hour candle — and even then, in my opinion, the upside is limited to the 116–120K area, followed by a potential drop to 35–39K. So be cautious with long euphoria.

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