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Blockchain Group announces 1097.6 % of bitcoin revenue

Blockchain Group has announced the acquisition of 624 BTC at a value of $ 68.8 million, up to its total property to 1,471 BTC. The group released a convertible support in May, which enabled it to obtain $ 63.2 from BTC. Blockchain collection also raised about $ 7.77 million using a special position strategy.

Blockchain collection, Bitcoin Company for the Ministry of Treasury, Declare On June 3, Bitcoin’s acquisition of approximately $ 70 million. The acquisition of two main financing operations carried out by the company in May. The group raised $ 63.2 million by issuing convertible bonds on May 26. The company also raised $ 7.77 million using a special method, allowing it to buy 80 BTC. The group also revealed the subsidiaries that carried out transactions.

Blockchain Group announces 1097.6 % of bitcoin revenue

Blockchain collection Declare Banque Delubac & CIE, DASP service provider registered in the financial market organizer in France, carried out the additional acquisition of Bitcoin. Blockchain said that the company used the money that the company raised in May. The group added that DASP was also responsible for the safe nursery of BTC using the Tauurus infrastructure, a Swiss company.

The Bitcoin Company of the Treasury also announced the participation of the Swissiot Bank in Europe, a company organized by a Luxembourg regulator. The group explained that Swissquote Bank Europe SA also carried out the additional BTC purchase with bond version revenues.

Altbg revealed that the company has achieved Bitcoin’s return by 1097.6 % on an annual basis. The company added that it had won BTC 439 BTC. The group also said it had increased the BTC value to more than $ 48.3 million since the beginning of the year.

Bitcoin Company told the Treasury that it had held a total of 1471 BTC with its affiliate, Blockchain Luxembourg SA collection. The group revealed that the value of the BTC total acquisition was about 150.7 million dollars. The company explained that the total BTC reserve value was based on the average price of $ 102,473 per BTC. The group stated that obtaining an additional BTC strengthened Bitcoin accumulation approach. The company also said it will continue to support its subsidiary operating activities.

Blockchain set a new bond

Blockchain group recently Declare Issuing a new bond worth $ 72 million. The company said that the new bond returns will be used to acquire an additional BTC. Bitcoin Ministry explained that the issuance of bonds will be implemented through the Luxembourg business unit. The company added that the bonds will be refundable for the company’s shares at a cost of $ 4.35 per share.

The group revealed that the first investigator of the bond was 5.99 million dollars. The company also repeated that the bonds had a five -year entitlement period. Blockchain Group said that bonds may be convertible to ordinary company shares, showing that the transfer depends on the performance of the market.

The company made it clear that it will consider converting bonds into regular shares if the price of its shares is $ 5.64. The group explained that it has set the conditions for converting the bond to stocks to avoid the main risks associated with low stock prices. The company also added the unknown risks to BTC as another reason that has set the condition.

Blockchain Group has unveiled $ 66.36 million in convertible bond. The company added that this part of the convertible bond can be transferred to regular shares at a cost of $ 0.80 per share. The group also revealed that it had converted Adam Pak’s holdings at $ 0.62 per share.

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