The Blockchain Group, the primary Bitcoin Treasury Firm in Europe, has introduced a collection of monetary operations with a complete worth of 9.7 million euros, aimed toward strengthening its publicity in Bitcoin.
Moreover, the aim is to consolidate its place within the decentralized expertise sector. The operations, performed by the Luxembourg subsidiary The Blockchain Group Luxembourg SA, embrace issuances of convertible bonds and subscriptions in BTC.
Particularly with the involvement of distinguished buyers reminiscent of TOBAM, Adam Again, and Ludovic Chechin-Laurans.
New issuances by The Blockchain Group to strengthen the treasury in Bitcoin
Following the assembly on June 10, 2025, the Board of Administrators approved the issuance of Convertible Bonds A-03 Tranche 1 for a nominal worth of 6 million euros, absolutely subscribed by TOBAM.
The bonds, with a nominal worth of 1 euro every, grant the suitable to transform into 961,538 peculiar shares of the corporate at a value of 6.24 euros per share, with a 30% premium in comparison with the closing value on June 9, 2025.
The 95% of the funds raised can be allotted to the acquisition of Bitcoin, whereas the remaining 5% will cowl the operational bills of the Luxembourg department.
The bonds can be convertible at any time till June 10, 2028, supplied that the volume-weighted common value (VWAP) of the shares reaches at the least 130% of the conversion value, which is 8.112 euros.
Inside three months from the issuance of Tranche 1, TOBAM could subscribe to Tranche 2 of the A-03 Convertible Bonds, for a most quantity of 9 million euros.
The conversion circumstances stay related, however the conversion value rises to 8,112 euros per share, with the potential for conversion being activated if the VWAP reaches at the least 10,5456 euros.
In parallel, Ludovic Chechin-Laurans exercised the subscription proper of the Tranche 2 of the OCA B-02, for an quantity of 2.42 million euros, totally paid in Bitcoin.
The bonds grant the suitable to conversion into 3,422,555 peculiar shares at a value of ~0.7072 euros per share, with a premium of 30% in comparison with Tranche 1.
The conversion value represents a low cost of 86.37% in comparison with the closing value on June 12, 2025.
Accomplished conversions: Adam Again and TOBAM improve participation
The investor and business pioneer Adam Again has accomplished the conversion of 8,097,961 OCA Tranche 1, receiving in trade 14,885,957 peculiar shares at a value of 0.544 euros per share.
Moreover, it has subscribed to 2,126,565 extra shares for a worth of 1.16 million euros, as a part of the authorized adjustment measures supplied for holders of OCA Tranche 1. TOBAM has additionally transformed 1,000,000 OCA Tranche 1, acquiring 1,838,235 peculiar shares.
He additionally subscribed to 262,605 extra shares for an quantity of 142,857 euros, at all times on the value of 0.544 euros per share. Each operations had been carried out by debt compensation.
The introduced operations may enable The Blockchain Group to accumulate roughly 80 BTC, bringing the complete potential holdings to 1,611 BTC, together with the proceeds from the operations introduced on Might 26, 2025.
The theoretical reference worth for BTC has been set at 100,000 euros, with 95% of the funds allotted for the acquisition of criptovaluta.
Following the conversions and new issuances, the share construction of the corporate will bear vital adjustments.
On a totally diluted foundation, Fulgur Ventures may maintain as much as 46.81% of the capital, whereas Adam Again and TOBAM would attain 10.97% and 2.85% respectively. The share capital would improve from 123,748,877 shares to 311,726,634 shares.
Strategic Targets and Future Views
With these operations, The Blockchain Group confirms its technique to grow to be a full-fledged Bitcoin Treasury Firm, integrating blockchain and cryptocurrencies into its monetary construction.
The virtually complete allocation of the funds raised to the acquisition of BTC underscores the corporate’s dedication to an revolutionary treasury mannequin, centered on high-potential digital property.
The corporate additionally continues to increase its actions within the fields of Knowledge Intelligence, synthetic intelligence, and decentralized technological improvement, strengthening its place as a key participant within the European panorama of digital finance.
The current issuances and conversions characterize a decisive step for The Blockchain Group, which positions itself as a European pioneer within the administration of reserves in Bitcoin.
With the assist of strategic buyers and a transparent imaginative and prescient, the corporate appears able to capitalize on the alternatives supplied by the blockchain financial system, aiming for sustainable and cutting-edge progress.