The blockchain group (Altbg) announced a series of strategic movements improving both its Bitcoin treasure
and the capital structure.
The Paris based company bought 60 BTC for around 5.5 million euros ($ 6.5 million)Bringing its total assets to 1,788 BTC valued at around 161.3 million euros, with an average price of 90,213 euros each.
Notable transactions include the CEO of Blockstream, Adam Back, is subscribed to more than 2.1 million new actions for around 1.16 million euros, and the French asset manager Tobam subscribed to some 262,605 new shares for a little less than 143,000 euros, allowing the purchase of 13 BTC.
The company has exercised mandates called BSA 2025-01, issuing more than 1.1 million new actions and collecting around 600.00 of fresh funds, which were then used to acquire 6 BTC. In addition, the company has completed an “ATM type” capital increase with Tobam, increasing 4.1 million euros to finance 41 BTC.
An updated year, the Blockchain group has reached a BTC yield of 1,270% and gains of around 508.3 BTC, resulting in around 46.7 million euros.
Read more: The blockchain group begins 300m-Euro Atm Share Sale to develop Bitcoin Holdings
