The Blockchain Group, a crypto company based in Paris, has announced that it will add Bitcoin worth millions of euros from a bond sale.
According to a press release dated May 26, 2025, the company aims to buy 590 more Bitcoins, after which its total BTC holding is expected to reach 1,437 Bitcoins.
Yet the Blockchain Group clarified that only 95% of the raised funds will be used for buying Bitcoin; the rest will be used for “ operational expenses and to pay management fees.”
When writing Bitcoin was exchanging hands above $109k, its market cap was crawling near $2.30 trillion.
Details about bond sale issuance
Two major venture capital firms, Fulgur Ventures and Moonlight Capital, participated in the bond issuance of special bonds. It is crucial to note that Fulgur had made an investment of 55.3 million euros, and Moonlight had injected nearly $5.7 million.
These bonds can later be converted into company shares, kind of like a loan that turns into stock. The conversion price is €3.809 per share, which means that’s the price they will pay to get each share when they convert the bonds.
According to the available information, Adam Back, the Chief Executive Officer of Blockstream, invested 4.8 million euros by purchasing 8,097,961 convertible bonds, referred to as Tranche-1.
Each bond could be converted into the company’s share for 0.544 Euro per share, it is reported that Adam has converted these bonds, receiving 14,885 shares in return.
In May this year, he once again invested 12.1 million euros through the second batch of bonds, totalling 12,146,942 bonds; these bonds can be converted into shares at 0.707 euros per share.
The Blockchain Group stock price overview
As of writing, EPA: ALTBG, the stock of Blockchain Group was at 2.77 Euro with a surge of 10.36% in the weekly trading frame, and in the 30-day frame it grew around 259.74%.
Source: Google Finance
After these back-to-back additions, the stock of the Blockchain Group has succeeded in surpassing its 20, 50, 100, and 20 days exponential moving averages.
Data available on Google Finance states that the market capitalization of the Blockchain Group is 279.41 million Euro, and the stock’s 52-week trading range lies between 0.082 Euro as the lowest and 3.99 Euro as the highest traded price.
While referring to TradingView, it has been noted that EPA: ALTBG has added 809% to its price since the beginning of 2025, and in 52 weeks, a total addition of 2,563.46%.
A quick brief of Bitcoin prices
Until publishing, Bitcoin was trading above all its crucial exponential moving averages, and in the past 24 hours, it has made several attempts to beat its all-time high of $111,970.17.
Source: TradingView
Over the past few weeks, bulls seem to be engaged at a broader level, which seems to be helping Bitcoin reach new levels. BTC prices saw a staggering growth of 15.21% in a week and added over 22.21% to its price in a quarter.
At the same time, Bitcoin was dominating 64.15% of the crypto market, and its control over the market saw a reduction of 0.26% in a month.
