Here’s what’s going down:
- The Blockchain Group has magically pulled off a $71.9 million convertible bond deal to pump up its Bitcoin stash. 🎩💰
- Moonlight Capital couldn’t resist and grabbed a $5.7 million BTC-denominated bond at a 30% premium—because why not? 💸
- Adam Back, in a moment of pure foresight (or maybe a gamble), swapped his bonds for 14.88 million shares—talk about commitment to the cause. 🤔
The Blockchain Group (ALTBG), this Paris-listed tech whiz of data intelligence and decentralized marvels, has decided that a bit of extra cash never hurts. So, they issued a whopping €63.3 million ($71.9 million) in convertible bonds to take their bitcoin acquisition game to the next level. What’s their end goal? Probably to stockpile BTC like it’s the new digital gold. ⛏️✨
This financial maneuver, executed via their Luxembourg subsidiary (oh, fancy), is all about bulking up their bitcoin reserves and making their investor base stronger than ever—because, apparently, the bigger the reserve, the better the reputation. 🙌
Part of the magic here is Moonlight Capital’s $5.7 million BTC-denominated bond, which they bought at a 30% premium over the closing price of $4.3/share on May 23. A little extra for the thrill, right? 💃💸
Meanwhile, they also exercised all the rights for their Convertible Bonds B-02, the ones reserved for strategic investors like Fulgur Ventures and UTXO Management. These folks got in at a price of $0.79/share, bringing in a cool $66 million to the pot. Not too shabby, huh? 💵
And here’s the kicker: investor Adam Back decided to convert all his OCA Tranche 1 bonds into a hefty 14.88 million shares. This guy is all in—no backing out now. His move? It aligns with the company’s long-term vision, whatever that may be. These funds are set to acquire 590 more BTC, which will put The Blockchain Group’s stash somewhere near 1,437 BTC. Now that’s some serious crypto hoarding. 🚀
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Fortress Saga tier list – Ranking every hero
- Mini Heroes Magic Throne tier list
- Castle Duels tier list – Best Legendary and Epic cards
- Grimguard Tactics tier list – Ranking the main classes
- Cookie Run Kingdom Town Square Vault password
- How to Prepare and Dominate the Awakened Hollyberry Cookie Update
- Seven Deadly Sins Idle tier list and a reroll guide
- Overwatch Stadium Tier List: All Heroes Ranked
2025-05-27 11:22