- ALTBG raised €7.2 million and used €6.9 million to acquire 75 BTC, growing total holdings to 1,728 BTC.
- Year-to-date, ALTBG reported a 1,231.7% Bitcoin yield, with gains of 492.7 BTC and €45.2 million in value.
- Funding was supported through equity issuance, bond conversion, and warrant exercises, with custody handled by Taurus.
The Blockchain Group (ALTBG) has increased its Bitcoin reserves after acquiring 75 BTC for approximately €6.9 million. The Euronext Growth Paris-listed firm completed the transaction after raising €7.2 million through a capital increase. As a result, its total Bitcoin holdings now stand at 1,728 BTC, with a current estimated value of €155.8 million.
Capital Raised Through Share Issuance and Bond Conversion
Confirmed through an official X post, the company secured the latest funding round through its Luxembourg subsidiary. TOBAM-managed funds participated in the raise via an equity offering announced on June 17, 2025. ALTBG issued 1,603,306 new shares at an average subscription price of €4.49 each.
The company also finalized the conversion of 1 million OCA A-01 Tranche 1 bonds held by TOBAM. These bonds were converted into 1,838,235 shares, priced at €0.544 per share. That value represented a 30% premium above the volume-weighted average price prior to the Board meeting held on March 4, 2025.
The Board of Directors approved the issuance using authority delegated during a shareholder meeting on June 10, 2025. The press release confirmed this delegation aligned with the twelfth resolution passed at that meeting.
Bitcoin Performance Metrics Continue to Climb
ALTBG reported a year-to-date Bitcoin yield of 1,231.7% as of June 2025. That figure reflects a BTC gain of 492.7 BTC and €45.2 million in value growth. Quarter-to-date figures also show a yield of 64.5%, with 399.6 BTC gained during the current quarter alone.
Earlier in June, the company acquired 182 BTC for €17 million, bringing total holdings to 1,653 BTC at that time. Those acquisitions were funded through more than €18 million in convertible bond subscriptions. Investors in that round included UTXO Management, Moonlight Capital, and TOBAM .
Custody and Transaction Infrastructure
Swissquote Bank Europe and Banque Delubac facilitated the execution of the Bitcoin purchases. Custody of the digital assets is handled by Taurus, a Switzerland-based digital asset infrastructure provider.
Additional financing was secured through the conversion of 2.98 million share warrants. That move raised another €1.6 million, used in part to support Bitcoin accumulation.
ALTBG remains one of the few public companies in Europe holding a significant amount of Bitcoin on its balance sheet. The recent transactions reflect continued activity in the company’s ongoing Bitcoin treasury strategy . With funding mechanisms in place and shares actively issued, the company has executed structured acquisitions supported by institutional backing.
