Deep Tide TechFlow News, on June 9, according to official news, The Blockchain Group, the first Bitcoin treasury company in Europe, announced the signing of a total of €300 million on-market capital increase agreement with asset management company TOBAM, aiming to accelerate The Blockchain Group's Bitcoin reserve company strategy, with the goal of increasing the per-share Bitcoin holdings over time.
According to the agreement, TOBAM can submit subscription requests after the close of each trading day, and the subscription price will be based on the higher of the previous trading day's closing price or the volume-weighted average price, with each subscription amount not exceeding 21% of the previous trading day's trading volume. The Blockchain Group is listed on the growth segment of the Paris Euronext Exchange, and in addition to its Bitcoin treasury business, also has subsidiaries in data intelligence, artificial intelligence, and decentralized technology consulting and development.
