The Blockchain Group announces €7.2 million paid-in capital increase for additional Bitcoin acquisition
Son Min
Summary
- The Blockchain Group announced a paid-in capital increase of €7.2 million for additional Bitcoin reserves.
- The Group stated it plans to gradually increase its Bitcoin holdings.
- It was also announced that on the 13th, a convertible bond issuance worth €9.7 million for Bitcoin purchases had taken place.
France-listed blockchain group The Blockchain Group (ALTBG) has announced a paid-in capital increase worth €7.2 million (USD 8.33 million) to secure additional reserves of Bitcoin (BTC).
On the 17th (local time), The Blockchain Group stated in a press release, "To implement our Bitcoin reserve strategy, we will carry out a paid-in capital increase at a price of €4.49 per share, totaling €7.2 million." The Group added, "With this capital raise, we plan to gradually increase our Bitcoin holdings per share."
On the 13th (local time), The Blockchain Group had also announced the issuance of convertible bonds worth €9.7 million (approx. USD 11.2 million) for further Bitcoin purchases.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![Did it crash because of Trump?…The 'real reason' Bitcoin collapsed [Hankyung Koala]](https://media.bloomingbit.io/PROD/news/d8b4373a-6d9d-4fb9-8249-c3c80bbf2388.webp?w=250)
