- The Blockchain Group, Europe’s first publicly listed Bitcoin Treasury company.
- More reputed firms across the globe including Japan’s Metaplanet and US’s TMTG have expanded their crypto ventures in the past month alone.
- Paris based Blockchain Group acquired $68 million in Bitcoin last week.
- Now the group has announced €300M Bitcoin backed Capital Program with TOBAM
Europe’s Blockchain Group has announced a €300 million capital raise in partnership with TOBAM, in a move to accelerate its Bitcoin acquisition strategy.
TOBAM is a pioneer in digital asset management.
The initiative uses an “At The Market” (ATM) structure, enabling TOBAM, a long-time investor in the company, to gradually buy new shares based on daily market conditions.
The capital will be deployed in tranches, allowing TOBAM to purchase ordinary shares directly from The Blockchain Group.
To avoid market disruptions, each daily purchase is reportedly capped at 21% of the previous day’s total trading volume.
Strategic Bitcoin Accumulation
Funds raised via this program will be used to buy Bitcoin to strengthen its BTC reserves and increase the number of bitcoins held per share.
This move is expected to boost shareholder value and position the firm as a leading Bitcoin treasury in Europe.
The program reflects a growing trend among corporate treasuries using dynamic equity tools to accumulate Bitcoin while minimizing share price volatility.
With this €300 million ATM facility, The Blockchain Group is positioning itself for expanded influence in the crypto-financial ecosystem.
TOBAM, which has been active in digital assets since 2017, brings institutional credibility to the deal. As sole subscriber, TOBAM will play a key role in helping The Blockchain Group scale its Bitcoin strategy without diluting market confidence.