The Blockchain Group Launches a Capital Increase Program Worth $342.5 Million Using an ATM Model Similar to Strategy to Enhance Bitcoin Accumulation.
The Blockchain Group Raises $342 Million to Buy Bitcoin
The Blockchain Group (TBG), a technology company listed on the Euronext Growth Paris, has just announced a stock issuance program worth 300 million Euros (equivalent to $342.5 million) to purchase additional Bitcoin for the corporate treasury, which can be expanded to 500 million Euros if approved at the shareholders' meeting on 10/6.
This is an "at-the-market" (ATM) issuance program, inspired by Strategy's strategy in the US, but adjusted to comply with European financial regulations.
TOBAM - a French asset management company and long-term strategic shareholder of TBG - will be the sole buyer in this issuance. Unlike the traditional ATM model, TOBAM will not act as an intermediary selling securities but has the right to retain the purchased shares as a genuine shareholder. TOBAM has the right to purchase shares daily after market closure, at a price higher between the previous day's closing price or the day's average volume price. The number of shares sold daily is limited to 21% of that day's total trading volume.
🟠 The Blockchain Group Launches a €300 Million "ATM-type" Capital Increases Program with TOBAM⚡️
— The Blockchain Group (@_ALTBG) June 9, 2025
Full Press Release (EN): https://t.co/DbXXbb6OT8
Full Press Release (FR): https://t.co/XbaTfaOqfn
BTC Strategy (EN): https://t.co/EiVKw8s4zB pic.twitter.com/dZQCIckgK8
The Blockchain Group is currently the first company in Europe to build a Bitcoin treasury strategy, reflecting the trend initiated by Michael Saylor of Strategy in the US. Last week, The Blockchain Group purchased an additional 624 BTC worth approximately $69 million, raising its total holdings to 1,471 BTC, equivalent to over $158 million at current market prices.
With a stock price increase of nearly 1,400% in 6 months, TBG is becoming the most aggressive listed company accumulating Bitcoin in Europe, on par with prominent names like Strategy in the US or Metaplanet in Japan. In just a few recent weeks, numerous listed companies such as Metaplanet (Japan), Trump Media, Twenty One Capital, GameStop, K Wave Media, Strive, K33, Reitar Logtech, Vanadi Coffee Chain... have all announced large-scale Bitcoin accumulation plans.
This is seen as a wave of "Bitcoinization of financial reserves" by businesses, especially in the context of persistent global inflation and declining confidence in fiat assets.
Price fluctuation of The Blockchain Group's EPA stock in the past 6 months. Image: Google Finance (09/06/2025)
Compiled by Coin68
