The Blockchain Group Secures $7.7 Million to Boost Bitcoin Holdings

Highlights:

• The Blockchain Group raised €7.2 million to expand its Bitcoin treasury and long-term holdings.
• TOBAM fully backed the capital raise, buying all new shares through three investment funds.
• The company aims to hold 260K BTC by 2033 as part of its long-term strategy.

The Paris-listed Blockchain Group has raised €7.2 million ($7.7 million) to grow its Bitcoin (BTC) treasury. The firm aims to become Europe’s leading Bitcoin-holding company. According to its June 17 press release, the group plans to keep increasing the Bitcoin held per share over time.

Blockchain Group Secures €7.2M with TOBAM’s Full Backing

The Blockchain Group raised funds by selling 1,603,306 new shares at an average price of €4.49 each. This price was about 20.76% lower than the stock’s closing price on June 13 because of changes in the market during the sale period. Between June 9 and June 13, the asset manager TOBAM made subscription requests to buy these shares. 

The company combined all these requests into a single capital increase. The price of the shares was set according to an agreement signed on June 6. These new shares will soon start trading on the Euronext Growth Paris stock exchange. This funding helps the company continue its plans to grow by adding more Bitcoin to its holdings.

TOBAM fully supported the capital raise by purchasing all 1.6 million new shares using three of its investment funds. Among these, the TOBAM Bitcoin CO2 Offset Fund was the largest buyer, acquiring over 834,000 shares. This strong participation demonstrates TOBAM’s confidence in The Blockchain Group’s strategy and its potential for future growth.

Following the deal, TOBAM now holds 3.3% of The Blockchain Group’s total capital on a fully diluted basis. Deputy CEO and Bitcoin Strategy Director Alexandre Laizet shared the update on X, highlighting the move as a step toward boosting the company’s Bitcoin holdings.

⚡️#1 ATM-Type Capital Increase of €7.2M to accumulate more Bitcoin for $ALTBG with leading French 2bn Asset Manager TOBAM⚡️ https://t.co/uwrrUsuazV

— Alexandre Laizet ⚡️ (@AlexandreLaizet) June 17, 2025

Bitcoin Accumulation Strategy

The money raised will help The Blockchain Group keep buying more Bitcoin and adding it to its balance sheet. This is part of a bigger financial plan the company began in late last year. This strategy is similar to what companies like Strategy and Japan’s Metaplanet are doing, as they also hold large amounts of Bitcoin. 

The Blockchain Group is one of the first in Europe to take this approach, with a goal to collect up to 260,000 BTC worth around $24 billion today by the year 2033. The capital raise came after a shareholder vote on June 11, where investors approved increasing the company’s fundraising limit to €500 million. The vote passed with over 95% support, showing strong backing for the company’s move toward Bitcoin.

JUST IN: 🇫🇷 The Blockchain Group, Europe's first Bitcoin Treasury Company plans to accumulate 260,000 $BTC ($24 billion) by 2033. pic.twitter.com/ETex2V0Q8O

— Whale Insider (@WhaleInsider) May 1, 2025

Now, including possible future shares from bonds, free shares, and warrants, The Blockchain Group has over 313 million shares. The company believes Bitcoin is a smart long-term way to protect against inflation and the risks of regular (fiat) money. Along with working on decentralized tech, AI, and data tools, the company sees Bitcoin as a better way to protect investor value and earn higher returns compared to traditional methods.