In a world where fortunes are spun from the ether, The Blockchain Group has conjured an additional €7.2 million—approximately $7.7 million—to fuel its audacious ambition of becoming Europe’s preeminent Bitcoin Treasury company. Ah, the sweet scent of digital gold! 💸
On June 17, like a magician revealing his tricks, the Paris-listed firm (Euronext: ALTBG.PA) unveiled its grand design: a long-term strategy to hoard Bitcoin (BTC) per share as if it were the last loaf of bread in a dystopian bakery. 🍞
This funding was secured through an “At-The-Market type” capital raise with the asset manager TOBAM, where 1.6 million new shares were issued at an average price of €4.49. A price that, in a twist of fate, reflected a 20.76% discount from the stock’s June 13 close—thanks to the delightful chaos of market volatility. 🎢
With this capital infusion, The Blockchain Group can continue its relentless quest to add BTC to its balance sheet, part of a broader treasury strategy that began in the twilight of 2024. Who knew that accumulating digital coins could be so thrilling? 🏴☠️
🟠The Blockchain Group announces a capital increase totalling ~€7.2 million at an average price of ~€4.49 per share as part of its “ATM-type” capital increase program with TOBAM to pursue its Bitcoin Treasury Company strategy⚡️
Full Press Release (EN): …
— The Blockchain Group (@_ALTBG) June 17, 2025
This strategy mirrors the capital market maneuvers of illustrious firms like Strategy and Japan’s Metaplanet, both of which are hoarding Bitcoin like squirrels before winter. The Blockchain Group is among the pioneers in Europe, aiming to amass up to 260,000 BTC—worth a staggering $24 billion—by the year 2033. Talk about a long game! ⏳
The recent capital raise saw TOBAM, through three of its funds, gobble up all 1.6 million shares. The largest portion was devoured by the TOBAM Bitcoin CO2 Offset Fund, which snagged over 834,000 shares. 🍽️
The other two funds, the Bitcoin Treasury Opportunities Fund and the Blockchain Equity Fund, took the crumbs left behind. Consequently, TOBAM now holds 3.3% of The Blockchain Group’s capital on a fully diluted basis. A tasty slice of the pie! 🥧
This capital raise followed a shareholder vote on June 11 that expanded the company’s fundraising capacity to €500 million in nominal value. The resolution passed with over 95% approval, a resounding cheer from investors for the Bitcoin pivot. 📣
On a fully diluted basis, the company’s share count now exceeds 313 million, factoring in all potential conversions from bonds, free share grants, and warrants. A veritable cornucopia of shares! 🌽
The Blockchain Group’s model is built on the belief that Bitcoin serves as a long-term hedge against inflation and the perils of fiat currency. The company, which also dabbles in decentralized tech, AI, and data tools, is convinced that BTC can safeguard shareholder value and deliver returns that would make traditional treasury reserves weep. 😢
As the firm joins a growing list of publicly traded companies pivoting to a Bitcoin-centric strategy, analysts predict this trend could swell to $330 billion in corporate holdings by 2029. Buckle up, folks; the future is looking bright and digital! 🌟
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2025-06-17 10:57