The Blockchain Group raises $13 million to stockpile Bitcoin
Son Min
Summary
- The Blockchain Group has raised $13 million to strengthen its Bitcoin reserve strategy.
- It was announced that the funding was carried out through a paid-in capital increase and issuance of convertible bonds.
- The Blockchain Group currently holds 1,794 BTC and aims to become Europe's first Bitcoin reserve company.
The France-listed blockchain group 'The Blockchain Group (ALTBG)' has reportedly raised €11 million (about $13 million). Previously, The Blockchain Group adopted a Bitcoin (BTC) reserve strategy.
According to CoinDesk on the 1st (local time), The Blockchain Group has raised funds worth €11 million to further stockpile Bitcoin. This fundraising was carried out through a €1 million paid-in capital increase and the issuance of convertible bonds worth €10 million.
The media outlet stated, "The Blockchain Group has begun taking concrete steps to become Europe's first Bitcoin reserve company."
Meanwhile, The Blockchain Group currently holds 1,794 BTC.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
