The blockchain group (ALTBG) announced a series of strategic movements that improve its Bitcoin treasure
and capital structure.
The company based in Paris bought 60 BTC for approximately 5.5 million euros ($ 6.5 million)carrying its total holdings to 1,788 BTC valued at approximately 161.3 million euros, with an average price of 90,213 euros each.
Notable transactions include BlockStream CEO Adam Back by subscribing more than 2.1 million new shares for around 1.16 million euros, and French asset manager Tobam subscribes to about 262,605 new shares for just under 143,000 euros, which allows the purchase of 13 BTC.
The company exercised Warrants called BSA 2025-01, issuing more than 1.1 million new shares and collecting around 600.00 in new funds, which were then used to acquire 6 BTC. In addition, the company completed an increase in “Automatic type cashier” with Tobam, raising 4.1 million euros to finance 41 BTC.
On the date, the Blockchain group has achieved a BTC yield of 1,270 % and profits of approximately 508.3 BTC, which translates into around 46.7 million euros.
Read more: The blockchain group begins the sale of ATM shares of 300 m-Europe to expand Bitcoin Holdings
