The Blockchain Group (ALTBG), noted for being Europe's first Bitcoin Treasury Company, has successfully raised approximately â¬8.6 million through a combination of a Reserved Capital Increase and a Private Placement. The shares were issued at â¬1.279, reflecting a premium over the average share price despite a discount from a prior closing price. The funds raised will be utilized to bolster the company's strategy of accumulating Bitcoin and to further expand its subsidiaries in data intelligence, aligning with its ambitious growth plans.
The Company's Board of Directors decided on May 19, 2025, using the delegated authority granted by the shareholders' meeting held on February 21, 2025, under the terms of its 5th resolution, on an issuance, without pre-emptive rights for shareholders, of 3,368,258 new ordinary shares of the Company at a price of â¬1.2790 per share.
In the Reserved Capital Increase, 3.37 million shares were issued to selected investors, including Robbie van den Oetelaar, TOBAM Bitcoin Treasury Opportunities Fund, and Quadrille Capital, raising over â¬4.3 million.
The Board of Directors also decided on a capital increase without pre-emptive rights for shareholders through an offering exclusively targeting a limited circle of investors acting on their own behalf or qualified investors.
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