-
The Blockchain Group unveiled a €300M ($342.5M) share issuance program to boost its bitcoin treasury.
-
The deal was structured in partnership with asset manager TOBAM.
-
The model is inspired by U.S. ATM-style offerings but allows TOBAM to retain shares.
-
The group recently acquired 624 BTC, bringing its total to 1,471 BTC.
New Capital Raise Aims to Accelerate BTC Strategy
The Blockchain Group has announced a new €300 million program to increase its bitcoin holdings. The arrangement, made in partnership with TOBAM, enables daily issuance of shares based on market pricing, up to 21% of daily volume.
The funds will be used to expand the firm’s BTC-per-share metric on a fully diluted basis.
Inspired by U.S. Bitcoin Treasuries
The initiative mirrors U.S.-style at-the-market offerings seen in firms like Strategy. However, unlike traditional ATMs, TOBAM is not a financial intermediary and may choose to hold onto the shares rather than resell them.
The firm receives no compensation for facilitating the program.
Growing Bitcoin Holdings and Market Disclosure
Last week, The Blockchain Group disclosed a purchase of 624 BTC for $68.7 million. It now holds 1,471 BTC valued around $158 million. Regular updates on share issuances and BTC accumulation will be shared with the market.
