The Blockchain Group, a leading European digital asset firm, has announced a new capital raise of €7.2 million ($8.3 million) as part of its strategic initiative to expand its Bitcoin (BTC) treasury. The move aligns with its larger $342 million at-the-market (ATM) share issuance program, aimed at bolstering its position as a Bitcoin-centric corporation.
1.6 Million New Shares to Be Issued
The company plans to issue approximately 1.6 million new ordinary shares at an average price of €4.49 ($5.19) per share. This marks a critical step in its broader effort to accumulate more BTC and strengthen its digital reserve.
The Blockchain Group is currently listed on Euronext Growth Paris and is recognized as the first Bitcoin treasury firm in Europe.
Strategic Financing Follows Larger ATM Program
The €7.2 million capital raise follows last week’s announcement of a €300 million ($342.5 million) ATM financing agreement with TOMAB, a French asset management company and shareholder. This funding mechanism allows the company to raise capital gradually through equity issuance, with proceeds directly allocated to Bitcoin purchases.
In addition to the ATM program, a €9.7 million ($11.2 million) equity and convertible bond issuance was also launched, reinforcing the group’s aggressive BTC strategy.
Current Bitcoin Holdings and Market Activity
As of now, The Blockchain Group holds 1,471 BTC, according to verified treasury data. This substantial reserve further positions the firm among the most prominent Bitcoin-holding public companies in Europe.
Despite today’s capital raise announcement, the company’s stock has dipped over 4%, currently trading at €5.53, according to Euronext data.
Corporate Bitcoin Accumulation Trend Intensifies
The Blockchain Group joins a growing list of corporations increasing their Bitcoin reserves. Industry leader Strategy, under the direction of Michael Saylor, has also expanded its holdings—now totaling 592,100 BTC after a recent 10,100 BTC acquisition.
Meanwhile, Bitcoin’s market price has seen a marginal 0.42% decline in the past 24 hours, currently trading at $106,629.
This capital raise marks another strong signal of institutional confidence in Bitcoin’s long-term value proposition.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.