The Blockchain Group Scores €7.2M to Become Europe's Bitcoin Treasury King

Paris-Listed Firm Ramps Up Bitcoin Holdings Per Share

Hang onto your hats, crypto fans! The Blockchain Group just dropped a bombshell—they've bagged an extra €7.2 million, that's around $7.7 million, to fuel their audacious dream of dominating the Bitcoin Treasury scene in Europe. This isn't just a cash grab; it's a full-throttle charge toward becoming the top dog!

They spilled the beans on June 17, and get this, they're not messing around. The Paris-listed powerhouse (Euronext: ALTBG.PA) is dead set on cranking up the Bitcoin (BTC) per share. They're playing the long game, folks, and they're playing to win!

How'd they pull it off? By pulling an "At-The-Market type" capital raise with asset manager TOBAM. They unleashed 1.6 million new shares at a sizzling average price of €4.49. Now, that's a 20.76% discount from the stock's June 13 close, but hey, that's the price of riding the wild waves of market volatility during the raise.

This cash infusion? It's like rocket fuel for their mission to stack more BTC on their balance sheet. They've been on this trailblazing journey since late 2024, and they're not slowing down anytime soon.

🟠The Blockchain Group announces a capital increase totalling ~€7.2 million at an average price of ~€4.49 per share as part of its “ATM-type” capital increase program with TOBAM to pursue its Bitcoin Treasury Company strategy⚡️

These guys are following in the footsteps of trailblazers like Strategy and Japan's Metaplanet, both heavy hitters in the Bitcoin game. But The Blockchain Group? They're the first in Europe to go all-in on this path, with their sights set on amassing a mind-blowing 260,000 BTC—that's about $24 billion—by 2033. Talk about setting the bar high!

TOBAM, through three of its funds, scooped up all 1.6 million shares in this recent capital raise. The TOBAM Bitcoin CO2 Offset Fund snagged the biggest slice, grabbing over 834,000 shares. The other two funds, the Bitcoin Treasury Opportunities Fund and the Blockchain Equity Fund, took the rest. And guess what? TOBAM now holds a cool 3.3% of The Blockchain Group's capital, fully diluted.

This capital raise came hot on the heels of a shareholder vote on June 11 that cranked up the company's fundraising capacity to a whopping €500 million in nominal value. And the best part? Over 95% of shareholders gave it a resounding thumbs-up. That's some serious investor muscle behind their Bitcoin pivot!

With all potential conversions from bonds, free share grants, and warrants, the company's share count now tops 313 million on a fully diluted basis. They're pulling out all the stops!

What's their secret sauce? They're betting big on Bitcoin as a long-term shield against inflation and the rollercoaster of fiat currency risks. And they're not just a one-trick pony—they're also cooking up decentralized tech, AI, and data tools. They believe BTC can not only safeguard shareholder value but also deliver returns that'll make traditional treasury reserves look like chump change.

The Blockchain Group is joining a growing club of publicly traded companies that are all about that Bitcoin life. And get this—analysts are saying this trend could balloon to a staggering $330 billion in corporate holdings by 2029. Buckle up, because the Bitcoin revolution is just getting started!