The Blockchain collection in Paris plans to raise $ 72 million in bonds to buy more bitcoin
Blockchain group, a company listed on the Euronxt list, has announced the release of new convertible bonds, aimed at collecting donations for the BTC increasing treasury. The Blockchain group aims to raise the equivalent of $ 72 million with plans to purchase an additional BTC.
Blockchain Group, a company listed in Euronext, has announced a new bond of 63.3 million euros ($ 72 million) with plans to get more BTC. The company is the entity next year to follow a hurried strategy to build the Ministry of Treasury BTC. After the announcement, Altbg shares were traded at $ 3.15 (2.77 euros), near its highest price for the year.
The version of the bonds will be achieved through the company’s Luxemboug company. The bonds will be converted to the shares of the Blockchain group at 3.809 euros per share, which represents a 30 % premium on the closing price on May 23. The first part of the transferred reserved bonds is $ 5.99 million (5 million euros).
The bonds have a five -year entitlement period, and they may be converted into shared shares, depending on the performance of the market. The company will transfer bonds if the share price of the shares is $ 5.64 (4.9517 euros), or 130 % of the bond transfer price. This condition aims to prevent the main risks on the negative aspect of the exploration of stock prices, as well as the unknown risks of BTC.
The Blockchain group also achieved $ 66.36 million (58.3 million euros) of a detainable bond without preferential subscription rights. This part is converted into shares at $ 0.80 (0.707 euros) per share. Along with the release of the new bonds, the Blockchain group also turned Adam’s holdings again at a pre -set price of $ 0.62 (0.544 euros) per share. Slices of bonds were subscribed to some companies supporters in the Blockchain group, including Fulgu Ventures and UTXO Management.
The ultimate goal is to expand the Ministry of Treasury to 1473 BTC, bypassing Canaan Mining Coldings.
Blockchain Group grows BTC per share
Blockchain group is not only a BTC buyer, but one of the main players in the encryption space. The group will continue in its long -term goals in encryption engineering, artificial intelligence, data services, and building the general environmental system on the series.
Before issuing the last bonds, the company held 847 BTC, still outside the best 20 holders. Although it is a long -term essential element in Crypto, the company acquired BTC at an average price of $ 92,230.
Up to 27.9 % of the company’s maximum market in the form of BTC, with additional growth. The company stated that it will keep its business and the BTC Buying purchased will only be part of its strategy.
In the past few days, the new purchase of the strategy (MSTR) has continued, with smaller purchases than Semler Scientific, Kulr Technology Group and Bitmax. The purchase continued even with the BTC at its peak at the new prices up to $ 112,000.
In total, 113 Public companies They revealed their BTC’s public treasury bonds, although they are very different in their holdings. The cabinet now contains 3.37 meters BTC, as the company buyers compete with ETF on a large scale. Make the last BTC career, buy companies more confident, and pay companies like metaplanet To become the best agents of BTC ownership.
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