The Blockchain Group (ALTBG) secures €8.6 million through a capital increase to boost its Bitcoin Treasury Company strategy.
The funding was raised through two operations, a Reserved Capital Increase and a Private Placement, with both priced at €1.279 per share.
The capital increase involved issuing new ordinary shares to selected investors, raising over €8.6 million in total.
The funds will be utilized to strengthen the Bitcoin Treasury Company strategy, accumulate Bitcoin, and expand subsidiaries in data intelligence, AI, and decentralized tech.