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The Blockchain Group distributes BSAs to support its Bitcoin strategy
The Blockchain Group announces the free allocation of warrants to its shareholders to boost its Bitcoin strategy. Each existing share will entitle the holder to one warrant, and seven warrants will entitle the holder to subscribe to one new share at a price of €0.544. This transaction aims to reward shareholder loyalty and finance the expansion of the Bitcoin strategy launched on November 5, 2024.
A total of 93,384,449 warrants will be distributed, and the warrants will be listed on Euronext Growth Paris starting April 11, 2025. Shareholders must have 14,000 warrants to subscribe for 2,000 new shares. The transaction could raise up to €7.26 million. The new shares are intended to increase the company's capacity to manage its Bitcoin assets while thanking shareholders for their continued commitment.
R. P.
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