The Blockchain Group completes a convertible bond issuance of €48.6M (approx. 600 BTC) to accelerate its Bitcoin Treasury Company strategy

06 Mar 2025 23:19 CET

The Blockchain Group, Europe’s first Bitcoin Treasury Company, holding subsidiaries specialized in Data Intelligence, AI, and decentralized technology consulting and development, has completed, through its wholly-owned Luxembourg subsidiary The Blockchain Group Luxembourg SA, a reserved convertible bond issuance into shares of The Blockchain Group at €0.544 per share, representing a 30% premium over the volume-weighted average price (VWAP) of the last twenty trading days preceding the Board of Directors meeting on March 4, 2025, without preferential subscription rights, amounting to €48.6 million (approx. 600 BTC). These bonds were mostly subscribed in BTC and reserved for a pool of globally renowned strategic investors: Fulgur Ventures, Adam Back, UTXO Management, Ludovic Chechin-Laurans, and TOBAM.

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