Blockchain Group, listed in Paris, aims to raise 72,000,000 USD through a new bond issue, with 95% of proceeds focused on purchasing more Bitcoin to expand their treasury to 1,437 BTC. The bond has conversion mechanisms, including a 30% premium over current stock prices.
The company originally held 847 BTC, bought at an average price of 92,230 USD, which constitutes 27.9% of its market cap, showcasing strong potential for growth amidst a bullish market for Bitcoin.
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