The Blockchain Group (ALTBG), Europe's first Bitcoin Treasury Company, announced a purchase of 75 bitcoins for €6.9 million, increasing its total to 1,728 BTC valued around €155.8 million. This purchase was funded through a €7.2 million capital increase managed by TOBAM via an equity program. Earlier this month, ALTBG also acquired 182 BTC for about €17 million, which raised its BTC holdings to 1,653 BTC. Year-to-date, the company reports impressive BTC yields and gains, reflecting its successful investment strategy in the volatile cryptocurrency market.
The Company also announced its decision to carry out, making use of the delegation of authority granted to him by the Board of Directors... a capital increase for a total amount of €7,191,143.60.
The acquisition was funded through the final completion of a €7.2 million capital increase, carried out via the Company's wholly-owned Luxembourg subsidiary.
This follows the conversion of all OCA A-01 Tranche 1 bonds held by TOBAM, which were turned into 1,838,235 new ALTBG shares at a subscription price of €0.544 per share.
The Company reports a BTC Yield of 1,231.7% year-to-date, with a BTC Gain of 492.7 BTC and a BTC gain of €45.2 million YTD.
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