The Blockchain Group (ALTBG) has successfully raised approximately €9.7 million through equity and convertible bond issuances to enhance its Bitcoin Treasury strategy. The funding, primarily via a €6 million convertible bond issued to TOBAM, reflects a 30% premium over the stock's last closing price. Significant contributions include €2.4 million from Ludovic Chechin-Laurans and Adam Back's conversion of bonds into shares, indicating heightened investor interest and strategic positioning in the volatile Bitcoin market.
"The funding comes from multiple sources and was carried out through their wholly-owned Luxembourg subsidiary, 'The Blockchain Group Luxembourg SA.'"},{
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