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The Blockchain Group, a company listed on Euronext Growth Paris, has announced plans to raise a significant €300 million to increase its Bitcoin reserves. This move aims to strengthen the firm’s Bitcoin Treasury Company model and expand its holdings.
In an effort to achieve this goal, The Blockchain Group will be using a share program that allows strategic investor TOBAM to purchase shares daily. Each daily subscription is capped at 21% of the prior day’s trading volume. Furthermore, all new share issuances and related Bitcoin purchases will be publicly disclosed by the company.
It is also important to note that this decision has been made possible due to a February 2025 shareholder resolution that enables capital increases for fintech and blockchain-related investors. The limit for such capital raises is currently set at €37.5 million, but a June 2025 vote could potentially increase this cap to an impressive €500 million.
If the full €300 million is raised at €4.1 per share, TOBAM would become the company’s largest shareholder, displacing current major investors like Fulgur Ventures and Adam Back. It is essential to emphasize that these projections depend entirely on market activity and may not actually come into fruition due to varying share dilution estimates.
The Blockchain Group has clarified that new shares will be listed on Euronext Growth Paris, ensuring a seamless trading experience for its existing shareholders.
Source: cryptotale.org
