The Blockchain Group Raises $8.3M to Expand Bitcoin Treasury Strategy

The Blockchain Group, a Bitcoin Treasury company, announced Tuesday that it has raised €7.2 million (approximately $8.2 million) to expand its bitcoin (BTC) portfolio. The latest move comes as the company earlier planned to raise $342.7 million to acquire the leading crypto asset.

According to the French company, the funds were raised through an ATM (At The Market) offering program in partnership with TOBAM, an asset management firm that offers innovative investment solutions. 

While the agreement with TOBAM aims to focus on increasing the number of bitcoins per share on a fully diluted basis over time, the company has demonstrated a remarkable commitment to the apex crypto asset. The latest announcement has further cemented the firm’s position as Europe’s first Bitcoin Treasury company.

The Bitcoin Group also holds subsidiaries specialized in Data Intelligence, Artificial Intelligence (AI), and decentralized technology consulting and development. Meanwhile, the latest announcement did not impact the company’s stock. It has declined 9.63%, trading at €5.22. However, the stock performed significantly as the group announced plans to raise millions of dollars to acquire BTC last week.

Firms Increasing Bitcoin Acquisition

Over the years, several companies, countries, and institutions have dived into the crypto space, raising funds to acquire BTC. These entities view the leading crypto as a long-term hedge against inflation and risks associated with fiat currency, which explains the continuous acquisition of BTC in the sector.

Notably, prominent entities such as Strategy (formerly MicroStrategy), Metaplanet, and Semler Scientific have increased their BTC holdings in recent times. This indicates the growing acceptance of digital assets in both the business and private sectors.

On June 9, 2025, the business intelligence company increased its BTC holdings by adding 1,045 bitcoins, worth $110.2 million, to its investment vehicle. The world’s largest corporate bitcoin holder revealed that between June 2 and 8 of this year, the firm purchased the asset at an average price of $105,426.

While Strategy leads the way, The Blockchain Group started acquiring BTC in November 2024. Since then, the company has shown remarkable interest in the asset. It added 580 BTC to its Bitcoin treasury. According to the group, it achieved a BTC Yield of 709.8% YTD and a BTC Gain of 283.9 BTC YTD.

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