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By James Van Straten, AI Boost|Edited by Parikshit Mishra
May 27, 2025, 8:02 a.m.
- The Blockchain Group has issued $71.9 million in convertible bonds to enhance its bitcoin treasury strategy.
- Moonlight Capital subscribed to a $5.7 million BTC-denominated bond at a 30% premium.
- Investor Adam Back converted his bonds into 14.88 million shares, aligning with the company’s long-term vision.
The Blockchain Group (ALTBG), a Paris-listed firm focused on data intelligence and decentralized technologies, has issued a 63.3 million euro ($71.9 million) in convertible bonds to further its bitcoin
treasury strategy.
This financing, executed through its Luxembourg subsidiary, highlights a significant push towards expanding the company’s BTC reserves and reinforcing its investor base.
STORY CONTINUES BELOW
A key component of the deal includes a $5.7 million BTC-denominated bond subscribed by Moonlight Capital, issued at a 30% premium over the May 23 closing price ($4.3/share).
The company also finalized the exercise of all rights for Convertible Bonds B-02 (“OCA Tranche 2”) initially reserved for strategic investors Fulgur Ventures and UTXO Management at $0.79/share, totaling $66 million.
Notably, investor Adam Back has converted all his OCA Tranche 1 bonds into 14.88 million shares, reinforcing long-term alignment with the company’s vision. These capital inflows are expected to fund the acquisition of 590 BTC, potentially increasing The Blockchain Group’s holdings to approximately 1,437 BTC.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
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