European-listed company The Blockchain Group completes more than € 22 million in financing
According to online reports, the European listed company The Blockchain Group (ALTBG) completed two rounds of financing totaling more than 22 million euros in one week. Among them, it raised 9.9 million euros through equity financing on May 9, and the issue price was 61.7% higher than the average price on the 20th day. Participating parties include Tobam, Generali Ambition Solidaire, Jean-Marie Formigé, Quadrille Capital, EFG Bank, VP Bank, etc. On May 12, another 12.1 million euros of bitcoin-denominated convertible bonds were issued through the Luxembourg subsidiary, which were fully subscribed by Blockstream CEO Adam Back, at a premium of 30% to the first batch of conversion prices. The funds will be used to strengthen Bitcoin positions and develop subsidiary businesses such as data intelligence and AI. As a core member of "Bitcoin For Corporates", the company explores bitcoin-centered capital architecture innovations, including bitcoin-denominated bonds and hard asset reserve strategies.
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