A Bitcoin-focused firm primarily based in Paris desires to boost $340 million via a novel sort of share sale that occurs daily. Blockchain Group, identified for stacking Bitcoin on its steadiness sheet, introduced plans to associate with asset supervisor TOBAM to make it occur. The cash, if raised, will go straight into shopping for extra Bitcoin.
Right now, the corporate holds 1,471 BTC, which is about $158 million in worth. That whole contains 624 BTC not too long ago bought, together with 847 BTC already in its treasury.
Shares Sold In Small Daily Batches
Instead of promoting all of the shares directly, Blockchain Group goes with a technique referred to as “At The Market” or ATM, generally used in the US. In this setup, TOBAM should purchase odd shares from Blockchain Group in the future at a time. The share worth will rely on the day gone by’s shut or the common buying and selling worth for that day—whichever is larger.
🟠 The Blockchain Group Launches a €300 Million “ATM-type” Capital Increases Program with TOBAM⚡️
Full Press Release (EN): https://t.co/DbXXbb6OT8
Full Press Release (FR): https://t.co/XbaTfaOqfn
BTC Strategy (EN): https://t.co/EiVKw8s4zB pic.twitter.com/dZQCIckgK8
— The Blockchain Group (@_ALTBG) June 9, 2025
There’s a cap, too. No greater than 21% of that day’s buying and selling quantity might be offered to TOBAM. This helps keep away from flooding the market and retains pricing extra secure. The aim is to boost $340 million with out shaking investor confidence or creating sudden dips in share worth.
Image: Nomadic Labs
Board Has Room To Expand The Raise
Based on shareholder selections, Blockchain Group has the inexperienced mild to difficulty as much as €500 million ($570 million) in nominal worth. But that higher restrict will solely be tapped if the board offers the go-ahead. For now, the $340 million goal stands.
If Bitcoin stays round its present worth—$107,700—the corporate may purchase about 3,170 BTC with the complete elevate. That would greater than triple its present holdings. It’s a giant transfer for a corporation that solely began this technique again in November 2024.
Bitcoin’s Price And Momentum Matter
Bitcoin has climbed roughly 2.2% in the previous day and 3.5% over the past week. After hitting an all-time excessive of $112,000 in May, the value cooled off barely however hasn’t dropped far. BTC not too long ago bounced from $104,100, which some market watchers noticed as an indication of energy.
Others in the trade are additionally stepping up their Bitcoin bets. Strategy, led by US President Donald Trump supporter Michael Saylor, is seeking to elevate practically $1 billion—manner up from an earlier plan of $250 million. The firm already holds 2.75% of all Bitcoin in circulation, value greater than $61 billion.
Featured picture from Imagen, chart from TradingView
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