5 hours ago
The Blockchain Group (ALTBG) announced a series of strategical moves enhancing some its bitcoin treasury BTC and superior structure.
The Paris-based institution bought 60 BTC for astir 5.5 cardinal euros ($6.5 million), bringing its full holdings to 1,788 BTC valued astatine astir 161.3 cardinal euros, with an mean terms of 90,213 euros each.
Notable transactions see Blockstream CEO Adam Back subscribing to implicit 2.1 cardinal caller shares for astir 1.16 cardinal euros, and French plus manager TOBAM subscribing to immoderate 262,605 caller shares for conscionable nether 143,000 euros, enabling the acquisition of 13 BTC.
The institution exercised warrants called BSA 2025-01, issuing implicit 1.1 cardinal caller shares and raising astir 600,00 successful caller funds, which were past utilized to get 6 BTC. Additionally, the institution completed an “ATM-type” superior summation with TOBAM, raising 4.1 cardinal euros to money 41 BTC.
Year-to-date, The Blockchain Group has achieved a BTC Yield of 1,270 % and gains of astir 508.3 BTC, translating to astir 46.7 cardinal euros.
Read more: The Blockchain Group Starts 300M-Euro ATM Share Sale to Expand Bitcoin Holdings
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