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The Blockchain Group announced the completion of a capital increase of approximately 6 million euros to advance its Bitcoin treasury strategy

On July 15, according to an official announcement, The Blockchain Group(ALTBG) today announced the completion of two rounds of capital increases, totaling approximately 6 million euros, to advance its Bitcoin treasury company strategy. The first round raised approximately 1.1 million euros through an "ATM type" agreement with TOBAM at a price of approximately 3.95 euros per share; the second round was fully subscribed by Bitcoin technical expert Adam Back at a price of 4.01 euros per share. This financing will increase the company's potential Bitcoin holdings by approximately 50 BTC, bringing the total holdings to 1,983 BTC. After the transaction was completed, the company's equity per share on an undiluted basis was increased from 0.38 euros to 0.42 euros.

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