France’s The Blockchain Group Secures €9.7M for Bitcoin Treasury Growth
Date Published
France’s The Blockchain Group (ALTBG), recognized as Europe’s first bitcoin Treasury Company, has secured approximately €9.7 million through a strategic issuance of equity and convertible bonds.
This funding aims to further develop their innovative bitcoin treasury management approach, positioning ALTBG as a key player in the evolving .
The capital influx was orchestrated via their Luxembourg subsidiary, The Blockchain Group Luxembourg SA, highlighting cross-border financial structuring common in European crypto markets.
About €6 million of this amount came from a convertible bond issuance to TOBAM, with bonds priced at €6.24 per share—reflecting a 30% premium over ALTBG’s June 9, 2025, closing price.
Ludovic Chechin-Laurans contributed around €2.4 million, subscribing in BTC at a conversion near €0.7072 per share. If ALTBG’s stock rises 30% above this level over 20 trading days, he can convert into up to 3.4 million new shares, potentially increasing his stake significantly.
Adam Back also converted all OCA Tranche 1 bonds into 14.9 million ALTBG shares and purchased an additional 2.1 million shares for €1.16 million at €0.544 per share, demonstrating strong institutional backing.
The company noted that these conversions could enable the acquisition of roughly 80 BTC, boosting its total potential holdings to about 1,611 BTC—marking a substantial expansion of its crypto treasury assets.
In a recent tweet, ALTBG announced their ongoing efforts:
This highlights the company's active engagement in building out its bitcoin treasury capabilities amid rising interest and regulatory developments in Europe.
As crypto regulation continues to evolve across the continent, ALTBG's strategy exemplifies how institutions are leveraging innovative financial instruments to increase their digital asset holdings legally and strategically.
The company’s focus on expanding its bitcoin reserves aligns with broader trends of institutional adoption and maturation within the European crypto landscape.
This recent funding round reinforces the importance of regulatory clarity and market infrastructure for crypto firms seeking sustainable growth and treasury diversification strategies in a volatile environment.
