The Blockchain Group Scores Massive €10B to Amp Up Bitcoin Stash

Shareholders Go All-In on Epic Bitcoin Buy-In

Holy crypto, Batman! The Blockchain Group just got a resounding thumbs-up from shareholders to raise a jaw-dropping €10 billion. Yep, you heard that right—€10 BILLION! They're pulling out all the stops with new shares and securities, and it's all about snagging more of that sweet, sweet Bitcoin.

Europe's first Bitcoin Treasury Company, listed on Euronext Growth Paris, got the green light to issue shares and securities worth over €10 billion. They're not messing around—offering new shares with or without preferential subscription rights, hitting up public offerings, and even getting cozy with select investors through private placements.

This cash bonanza is all part of their master plan to pump up their Bitcoin (BTC) per share on a fully diluted basis over time. It's their Bitcoin Treasury Company strategy, and they're sticking to it!

And guess what? They've brought in Alexandre Laizet to join the Board of Directors and take the reins as Deputy CEO, specifically to steer their Bitcoin Strategy. Talk about putting your money where your mouth is!

Oh, and this isn't their first rodeo. Just recently, they pulled off a €63.3 million convertible bond sale through their Luxembourg subsidiary, all to scoop up around 590 BTC. Right now, they're sitting pretty with 1471 BTC on their balance sheet, worth a cool $161.11 million at today's prices. But they're not stopping there—they've got their sights set on holding a whopping 1% of the total Bitcoin supply—about 170,000 BTC—by 2032. That's some serious ambition!

The Blockchain Group is part of a growing gang of European companies going all-out on their Bitcoin acquisition game through slick financing moves. Just look at the Swedish health tech firm H100 Group—they snagged $2.2 million via convertible loans to beef up their own BTC stash.

But it's not just them. Companies like Strategy and Metaplanet are on a Bitcoin-buying spree. Strategy just added 1,045 BTC, worth around $110 million, bringing their total to a mind-blowing 582,000 BTC. And Japan's Metaplanet? They added 1,088 BTC to their portfolio in early June, pushing their total to 8,888 BTC. It's a Bitcoin bonanza, folks, and it's only getting started!