The Blockchain Group Launches €12.1M Convertible Bond Issuance

The Blockchain Group, listed on Euronext Growth Paris, has announced a €12.1 million convertible bond issuance. The initiative aims to bolster its Bitcoin Treasury Company strategy, focused on expanding bitcoin holdings and supporting its subsidiary operations in Data Intelligence, AI, and decentralized technologies.

The convertible bonds, priced at €0.707 per share, exhibit a 30% premium over a previous issuance. This capital raise does not necessitate a prospectus under current EU regulations. Strategic investor Adam Back is central, subscribing fully to this issuance. A potential change in shareholding is anticipated, with significant impacts if converted.

This operation reflects the company's broader objective to increase bitcoin per share over time, aligning with its strategic goals. The company outlines risk factors on its website, emphasizing potential implications for its financial outlook.