according to Bitcoin Magazine, the European listed company The Blockchain Group (ALTBG) announced the completion of a 9.7 million euro financing to advance its Bitcoin reserve strategy. The funds were raised through a combination of equity and convertible bonds, with main investors including AdamBack, TOBAM, and Ludovic Chechin-Laurans. TOBAM subscribed to 6 million euros of convertible bonds, with a conversion premium of 30%; Ludovic Chechin-Laurans invested 2.4 million euros in Bitcoin form; Adam Back converted all of his first tranche bonds into 14.9 million shares of ALTBG stock, and additionally subscribed to 2.1 million shares. This financing is expected to increase the company's Bitcoin holdings by approximately 80 coins, bringing the total reserve to 1,611 coins.
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The Blockchain Group Completes €9.7 Million Funding for Bitcoin Reserve Strategy
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