The Blockchain Group issues convertible bonds worth 63.3 million euros, expected to increase holdings of 590 BTC

2025-05-27 08:19:57

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ChainCatcher news, according to the official announcement, the European listed company The Blockchain Group has issued three convertible bonds through its wholly-owned subsidiary The Blockchain Group Luxembourg SA, with a total value of approximately 63.3 million euros. According to the announcement, 95% of the funds raised will be used to purchase and hold Bitcoin, while the remaining 5% will be used for the operating costs of the Luxembourg subsidiary and to pay management fees to the parent company.

This financing will potentially allow the company to acquire approximately 590 Bitcoins, increasing its potential holdings to about 1,437 Bitcoins. The Blockchain Group stated that this move aims to continue advancing its Bitcoin reserve company strategy while developing the operational business of its subsidiaries.

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