The Blockchain Group Raises €7.2M to Grow Bitcoin Treasury 

On June 17, 2025, The Blockchain Group completed a capital increase of approximately €7.2 million. The new shares were sold at an average price of €4.49 each. Alexandre Laizet, Deputy CEO and Director of Bitcoin Strategy, commented on this move in a June 17 X post. He wrote, “#1 ATM-Type Capital Increase of €7.2M to accumulate more Bitcoin for $ALTBG with French 2bn Asset Manager TOBAM”. This supports the firm’s broader effort to reinforce its BTC reserve strategy. It aligns with its long-term goal of raising bitcoins per share.

Shareholder Approval and Execution Timeline of the Funding Plan

Shareholders approved the action under the twelfth resolution at a meeting on June 10, 2025. This replaced a resolution from February 21, raising the permitted cap to €500 million. Following authorization, the CEO decided on June 16, 2025 to execute the capital increase. The decision led to issuing 1,603,306 ordinary shares to subscribing investors. Subscription requests arrived between June 9 and June 13, 2025. These steps followed the agreed ATM type capital increase arrangement with TOBAM. The inclusion of TOBAM reflects investor interest in crypto financing.

Listing Mechanism and Subscription Limits Explained

The share price each day equaled the higher of the prior closing price or VWAP. Each subscription could not exceed 21% of the previous day’s trading volume. Stock price swings did not alter the calculated issue price level. The average issue price of €4.49 represented a 20.76% discount to the June 13 closing. This calculation followed terms set out in the ATM pact dated June 6, 2025. These terms ensured fair market pricing within regulated thresholds. This method helps link share issuance directly to market liquidity conditions.

The new shares will list and trade on the Euronext Growth market in Paris. No formal prospectus was needed under AMF rules due to the offering type. This approach avoids lengthy regulatory requirements for ATM type funding programs. It suits firms with dynamic crypto and tech-oriented strategies. Execution flexibility remains crucial for evolving digital asset businesses. Regulatory relief can speed operational moves in fast-changing markets. This structure can lower issuance costs for agile technology firms. This format often underpins capital plans at many Bitcoin investment companies.

TOBAM Receives Full Allocation in Exclusive Share Offering

In this transaction, The Blockchain Group waived shareholder preferential rights and offered the new shares exclusively to TOBAM. Existing shareholders were not given the opportunity to purchase shares before external investors. Three TOBAM-managed funds acquired all 1,603,306 newly issued shares. The Bitcoin CO2 Offset Fund bought 834,806 shares for approximately €3.77 million. The Bitcoin Treasury Opportunities Fund subscribed to 735,000 shares, and the BTC Linked and Blockchain Equity Fund received 33,500 shares. This targeted allocation reflects a deliberate strategy aligned with the company’s BTC reserve strategy and its partnership with bitcoin-focused investment funds.

Strategic Bitcoin Purchase Highlights Long-Term Treasury Goals

Earlier strategic steps included a notable bitcoin purchase worth $50.64 million. On March 26, 2025, the firm completed one of its largest crypto treasury acquisitions. That move marked a milestone in expanding the firm’s digital asset holdings. It underlined the company’s growing institutional alignment with bitcoin assets. This pattern of funding and buying underpins evolving crypto business models. Analysts note this strategy aligns with moves by top Bitcoin investment companies. Market watchers view these actions as key industry trend indicators.

The post The Blockchain Group Raises €7.2M to Grow Bitcoin Treasury  appeared first on Coinfomania.