The Blockchain Group Issues €63.3 Million in Convertible Bonds for Bitcoin Strategy

The Blockchain Group (ALTBG) has issued €63.3 million ($71.9 million) in convertible bonds to enhance its bitcoin treasury strategy.

Financing conducted through a Luxembourg subsidiary aims to expand BTC reserves and investor base.
A $5.7 million BTC-denominated bond was subscribed by Moonlight Capital at a 30% premium over the May 23 closing price of $4.3/share.
All rights for Convertible Bonds B-02, totaling $66 million, were exercised, primarily reserved for Fulgur Ventures and UTXO Management at $0.79/share.
Investor Adam Back converted OCA Tranche 1 bonds into 14.88 million shares, aligning with the company's vision.
Capital inflows are expected to fund the acquisition of 590 BTC, raising total holdings to approximately 1,437 BTC.