Equity raise fueled by Bitcoin indicates institutional trust
Major institutional players joined the effort significantly:
This convertible note is far from ordinary. It’s Tranche 2 of ALTBG’s OCA convertible series, issued at a 30% premium over the conversion price of Tranche 1. This signals a strong commitment to long-term alignment and faith in the company’s future. Upon conversion, the bond could lead to the issuance of as many as 17.2 million new shares at a conversion price of €0.707 per share, with final terms contingent upon future share price performance—an approach that rewards steadfast belief in the company’s Bitcoin-focused model.
In a space where fiat-denominated debt typically leads to dilution and short-sightedness, this Bitcoin-denominated convertible rewrites the narrative. It presents a model that could resonate with Australian public companies investigating how to weave Bitcoin into their treasury and capital strategies. By linking capital raises to Bitcoin and future share performance, ALTBG is establishing a structure that values patience, conviction, and alignment with long-term value creation.
- Tobam spearheaded the round with a €4 million investment
- Generali Ambition Solidaire contributed €1.1 million
- Jean-Marie Formigé added €2.2 million
- Other participants featured Quadrille Capital, EFG Bank, and VP Bank
Adam Back’s involvement transcends mere symbolism—it’s strategic. His total subscription of the tranche not only brings in capital but also adds credibility and alignment with Bitcoin’s foundational ideals. For Australian investors aware of Blockstream’s contributions to Bitcoin infrastructure, this partnership accentuates the seriousness of ALTBG’s objective to amplify Bitcoin per share as a central performance metric.
- Boosting the company’s Bitcoin accumulation strategy, aimed at enhancing Bitcoin per fully diluted share
- Supporting the expansion of its operating subsidiaries in Data Intelligence, AI, and decentralized technology consulting
For Australian investors and crypto-native firms, this initiative offers insight into how public entities can attract progressive capital while exercising dilution discipline. It’s not merely about accumulating Bitcoin—it’s about creating a capital framework that aligns with Bitcoin’s fundamental values: scarcity, transparency, and a long-term perspective.
On May 9, The Blockchain Group (ALTBG) executed a daring strategy that’s capturing attention in both crypto and institutional finance sectors—announcing a €9.9 million equity raise at a price of €1.0932 per share. This marks a 61.7% premium compared to the 20-day average, clearly indicating that investors are not merely acquiring shares—they are investing in a Bitcoin-centric vision for corporate financial management.
Groundbreaking Bitcoin convertible bond aligns with long-term aspirations
Structured in accordance with Article L. 411-2 of the French Monetary and Financial Code, this raise was not simply about acquiring funds—it was about firm conviction. The collected capital will be allocated to two major fronts:
In a landscape where fiat dilution is commonplace, The Blockchain Group exemplifies what it means for a company to embrace Bitcoin as a strategic resource—not just on its balance sheet, but woven into the very essence of its capital formation strategy.
For those in the Australian crypto community seeking tangible examples of Bitcoin-native finance, The Blockchain Group’s recent action serves as a blueprint for excellence. It’s about more than just holding Bitcoin—it’s about developing a capital stack that embodies the same principles that confer value to Bitcoin in the first place.
This is a significant milestone for Australian crypto aficionados and institutional stakeholders alike. It marks the first instance of a European public company rolling out Bitcoin-denominated capital structuring innovation at such a scale. And it’s not just about raising money—it’s about integrating Bitcoin into the very core of corporate finance. This type of issuance aligns capital formation with Bitcoin’s monetary ethos: fixed supply, enduring value, and decentralized trust.
Just three days post-equity raise, The Blockchain Group reinforced its Bitcoin-native strategy with an audacious and groundbreaking action that’s causing ripples throughout the crypto finance realm—particularly for Australian investors tracking the development of digital asset-driven corporate finance. On May 12, ALTBG’s Luxembourg subsidiary unveiled a €12.1 million Bitcoin-denominated convertible bond, fully subscribed by none other than Adam Back, CEO of Blockstream and one of Bitcoin’s earliest and most esteemed pioneers.
For Australian crypto investors observing the global transition towards Bitcoin treasury practices, this serves as an exemplary case of how a publicly traded firm can transform its balance sheet around the principles of hard money. The capital raise was carried out without preemptive rights, enabling The Blockchain Group to act swiftly and strategically—an often difficult task in classic capital markets.
Source: bitcoinmagazine.com
