- Blockchain Group plans to raise €9.7M, bolstering Bitcoin reserves.
- Increased BTC acquisition by the company.
- Treasury strategy aligns with broader crypto adoption trends.
The funding move underscores a significant commitment towards leveraging Bitcoin as a corporate treasury asset, signaling a strategic shift in Europe’s institutional market.
The Blockchain Group plans to raise €9.7 million through equity and convertible bonds. TOBAM, a key strategic partner, and Ludovic Chechin-Laurans are principal backers. The company is strengthening its Bitcoin holdings with these funds.
TOBAM has committed approximately €6 million in convertible bonds at a 30% premium. Chechin-Laurans adds €2.4 million using BTC. The company launched a €300 million ATM-capital structure to enable daily share acquisitions.
The funding will bolster the company’s Bitcoin reserves to maintain strategic market positioning. The increase in Bitcoin acquisitions reflects broader institutional adoption of cryptocurrency assets as a financial strategy.
The Blockchain Group’s actions are aligned with firms like MicroStrategy, demonstrating an increasing corporate acceptance of Bitcoin in treasury management. This mirrors US strategies, now adapted to European regulatory environments.
“These moves directly expand The Blockchain Group’s ability to amass Bitcoin for its treasury, placing it among Europe’s largest Bitcoin holding corporates.” — The Blockchain Group, Official Press Release
The long-term impact of this move may include enhanced regulatory acceptance and normalization of corporate BTC holdings. The structural compliance with EU norms positions the Blockchain Group at the forefront of Bitcoin adoption trends.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
