**Blockchain Group Secures €8.6 Million to Enhance Bitcoin Strategy**
The Blockchain Group, recognized as Europe’s pioneering Bitcoin Treasury Company and listed on Euronext Growth Paris, has successfully raised approximately €8.6 million to advance its Bitcoin Treasury strategy. This funding was achieved through two key operations: a Reserved Capital Increase and a Private Placement, both priced at €1.279 per share.
This share price reflects a 20.18% premium over the 20-day volume-weighted average but is at a 46.26% discount compared to the closing price on May 19, 2025, indicating significant recent volatility in share prices. The Board of Directors made the decision on May 19, 2025, utilizing the authority granted during the shareholders’ meeting on February 21, 2025, to issue 3,368,258 new ordinary shares without pre-emptive rights for existing shareholders.
In the Reserved Capital Increase, approximately 3.37 million shares were allocated to select investors, including notable entities such as Robbie van den Oetelaar, TOBAM Bitcoin Treasury Opportunities Fund, and Quadrille Capital, generating over €4.3 million. The Private Placement contributed an additional €4.35 million through the issuance of 3.4 million shares aimed at qualified investors.
The funds raised will bolster The Blockchain Group’s strategy of accumulating Bitcoin while also expanding its subsidiaries in data intelligence, artificial intelligence, and decentralized technology. Following this capital increase, the company’s share capital now totals €4.37 million, distributed across more than 109 million shares.
The press release emphasized that the capital raised will significantly enhance the company’s Bitcoin Treasury strategy, which focuses on Bitcoin accumulation while continuing to develop operational activities within its subsidiaries. Additionally, on May 12, The Blockchain Group announced it had secured approximately €12.1 million through a convertible bond issuance reserved for Adam Back, CEO of Blockstream.
**FAQ**
*What is the purpose of The Blockchain Group’s recent capital increase?*
The recent capital increase aims to strengthen The Blockchain Group’s Bitcoin Treasury strategy by accumulating more Bitcoin and expanding its subsidiaries in data intelligence and decentralized technology.
