The blockchain group is the latest company indicating the intention to increase the size of its bitcoin holdings. The company has announced the release of € 63 million convertible bonds to fund its BTC accumulation plans, which reflects Michael Sirer’s strategy.
Blockchain Group unveiled BTC-Denominated Convertible Bond
according to a Press releaseThe French technology firm Blockchain Group has announced the release of a convertible bonds worth € 63 million. Bonds will strengthen the company’s bitcoin accumulation schemes, contained in BTC and convertible in blockchain group shares.
According to the announcement, Moonlight Capital, Fulgur Ventures and UTXO management participated in the release of bonds. In particular, the blockchain group will use 95% of € 63 million raised to buy and keep Luxembourg bitcoin.
The remaining 5% is prescribed for operating expenses and management fees from the bitcoin treasury. Armed with Fresh Capital, the company has added 590 BTC to its treasury, making its total race 1,437 BTC. According to the press release, the blockchain group bought each bitcoin for € 100,000.
“The company thus pursues its bitcoin accumulation strategy, while its subsidiaries continue to develop operating activities,” read the statement.
Purchased heels come on the heels Investor cashing on profits The market cap increased to $ 900 billion as a feeling of bitcoin.
Renewed institutional interest jokes bitcoin value
After the weekend marked by a slight improvement, BTC prices have increased at the beginning of the week. Fresh fresh institutional interest is increasing the prices of bitcoin Purchase of 4020 BTC strategyTriggering a small rally.
Currently, Bitcoin is trading at $ 109,256, which is only 2.31% below its all -time high of $ 111,970. Speculations for a new all-time high are growing with new institutional players such as the blockchain group unveiled the plan to add BTC to their holdings.
In the first day, about the chatter Trump Media is increasing $ 3 billion Get traction to buy bitcoin. Blackrock is also continuously increasing its holding through its ETF, while Metaplanet of Japan has continued its red-hot accumulation streak.
In addition, high-risk cryptocurrency merchant James Vayan revealed on X that the price of bitcoin is “about explosion.” Increased institutional interest, James Win has opened another 40X BTC in the form of prices near a new Ath.
Aliu pokima
Aliyu Pokima is a journalist of an experienced cryptocurrency and emerging technologies with a neck to cover the needle-moving stories in space. Aliyu distributes news stories, regulatory updates and practical analysis with depth and accuracy. When he is not working on the chart or on the following lead, Aliu enjoys playing bass guitar, lifting weight and running a marathon.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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