The Blockchain Group is the most recent firm to sign an intention to extend the dimensions of its Bitcoin holdings. The corporate has introduced a €63 million convertible bond issuance to fund its BTC accumulation plans, mirroring Michael Saylor’s Technique. The Blockchain Group Unveils BTC-Denominated Convertible Bonds In line with a press launch, French know-how agency The Blockchain Group has introduced a convertible bond issuance valued at €63 million. The bond, denominated in BTC and convertible into The Blockchain Group shares, will energy the corporate’s Bitcoin accumulation plans. Per the announcement, Moonlight Capital, Fulgur Ventures, and UTXO Administration participated within the bond issuance. Notably, The Blockchain Group Luxembourg will use 95% of the €63 million raised to buy and maintain Bitcoin. The remaining 5% is earmarked for operational bills and administration charges from the Bitcoin treasury. Armed with recent capital, the corporate has added 590 BTC to its treasury, bringing its complete… Read More at Coingape.com
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