According to Bitcoin Magazine, the European-listed company The Blockchain Group (ALTBG) announced the completion of a 9.70 million euro financing to advance the bitcoin reserve strategy. The funds were raised through a portfolio of equity and convertible bonds, anchored by AdamBack, TOBAM and Ludovic Chechin-Laurans. Among them, TOBAM subscribed 6 million euros convertible bonds with a conversion premium of 30%; Ludovic Chechin-Laurans invested in 2.40 million euros in the form of bitcoin; Adam Back converted all of its first-phase bonds into 14.90 million ALTBG shares and subscribed 2.10 million additional shares. The financing is expected to increase the company's holdings of about 80 bitcoins, bringing the total reserve to 1,611.