Crypto Blockchain Industries SA

ALCBI🇫🇷Leveraged

Crypto Blockchain Industries SA is a French blockchain company listed on Euronext Growth Paris that develops Web3 platforms (AlphaVerse metaverse, Brilliantcrypto gaming) and operates Bitcoin mining through a partnership with Blockware Solutions. CBI acquires BTC through share issuance programs (including a €200M Bitcoin-for-share exchange via SAFEbit and a €50M ATM program) and mining activities as part of its ACE (Acquire, Create, Earn) strategy.

BTC Holdings

43.05 BTC

180d

Stock Price

€0.12

180d

Total financing

2.02M EUR

180d

mNAV

14.68x

180d

Leverage

0.0%

180d

BTC Credit

0 bps>10x

Sats/Share

180d

Mkt capFD

38.17M EUR

SharesFD

318.10M

Fiat reserve

4.10M EUR

Total reserve

6.70M EUR

Dilution

1.1%

Coverage

27.8 yr

BTC mix

58%

Analytics

In-the-Money

0% ITM

OTM: €1.2M

Maturity Profile

Conv

Nearest: 4.6yrWAM: 4.6yr

BTC Coverage

Capital Stack

>10x · 0 bps

ConvertiblePreferredOtherBTC NAV: $3M

BTC Risk

0.00% avg

P(BTC Rating < 1x at maturity) · 45% vol, 30% ARR

BTC Credit

0 bps avg

Credit spread to offset BTC Risk · 45% vol, 30% ARR

Cumulative Financing Cost

CouponsRedemptions

Financials

IFRSSemi-AnnualAs of 2025-09-30

Balance Sheet

Total Assets€23.7M

Total Liabilities€14.1M

Stockholders' Equity€9.5M

Cash & Equivalents€4.1M

Total Debt—

Digital Assets€4M

Income Statement

Revenue€2.5M

Operating Income€-11.1M

Net Income€-11.4M

Interest Expense€93K

Cash Flow

Operating Cash Flow€-4M

Instruments

Total

1.17M EUR

Instrument	Term	Coupon	Principal	Outstanding	Conv. price	BTC Rating
ALCBI-Nov30	Nov '25 – Nov '30	8%	1.17M EUR	1.17M EUR	0.35 EUR	>10x
Total				1.17M EUR

Recent Changes

Tue, Mar 31, 2026

BTC Holdings

43.81→43.05-0.76 BTC(-1.7%)

28.76 BTC held + 14.29 BTC mining rewards/server sales

Mining Activity for March 2026

Tue, Mar 10, 2026

Shares Outstanding

285.8M→314.8M+29.0M(+10.1%)

27,919,000 new shares issued to Ker Ventures at EUR 0.2370 (8.87% of post-issuance capital)

Repayment of share loan via reserved capital increase (27.9M shares)

Sat, Feb 28, 2026

BTC Holdings

47.99→43.81-4.18 BTC(-8.7%)

30.94 BTC held + 12.87 BTC mining rewards/server sales

ACE Strategy Update — February 2026 Mining & Portfolio

Sat, Jan 31, 2026

BTC Holdings

25.07→47.99+22.92 BTC(+91.4%)

37.64 BTC held + 10.35 BTC mining rewards

ACE Strategy Update — January 2026 Mining & Portfolio

Thu, Dec 4, 2025

Debt OutstandingDrawALCBI-Rev

1.0M

$1M BTC-collateralized revolving credit facility

Mon, Nov 24, 2025

Debt OutstandingIssuanceALCBI-Nov30

1.2M

3,335,214 OCEANE 2030 bonds at EUR 0.35 each

Result of the OCEANE 2030 issuance

Crypto Blockchain Industries SA

ALCBI🇫🇷Leveraged

Instrument

Term

Coupon

Principal

Outstanding

Conv. price

BTC Rating

ALCBI-Nov30

Nov '25 – Nov '30

1.17M EUR

0.35 EUR

>10x

Total

1.17M EUR

Recent Changes

Tue, Mar 31, 2026

BTC Holdings

43.81→43.05-0.76 BTC(-1.7%)

28.76 BTC held + 14.29 BTC mining rewards/server sales

Mining Activity for March 2026

Tue, Mar 10, 2026

Shares Outstanding

285.8M→314.8M+29.0M(+10.1%)

27,919,000 new shares issued to Ker Ventures at EUR 0.2370 (8.87% of post-issuance capital)

Repayment of share loan via reserved capital increase (27.9M shares)

Sat, Feb 28, 2026

BTC Holdings

47.99→43.81-4.18 BTC(-8.7%)

30.94 BTC held + 12.87 BTC mining rewards/server sales

ACE Strategy Update — February 2026 Mining & Portfolio

Sat, Jan 31, 2026

BTC Holdings

25.07→47.99+22.92 BTC(+91.4%)

37.64 BTC held + 10.35 BTC mining rewards

ACE Strategy Update — January 2026 Mining & Portfolio

Thu, Dec 4, 2025

Debt OutstandingDrawALCBI-Rev

1.0M

$1M BTC-collateralized revolving credit facility

Mon, Nov 24, 2025

Debt OutstandingIssuanceALCBI-Nov30

1.2M

3,335,214 OCEANE 2030 bonds at EUR 0.35 each

Result of the OCEANE 2030 issuance