Bitcoin in France: The Blockchain Group plans to raise $340 million to buy BTC

The Blockchain Group, a blockchain and cryptocurrency specialist, plans to raise $340 million through an "At the Market" (ATM) offering, a method commonly used in the United States to sell shares on the market. The funds will be used to purchase more Bitcoin, strengthening the company's position as the European leader in BTC treasury.

This fundraising follows The Blockchain Group's recent acquisition of $68 million worth of Bitcoin, bringing its total holdings to 1,471 BTC, or approximately $154 million.

The company's strategy reflects a broader trend among companies viewing BTC as a hedge against inflation and an alternative to traditional cash reserves. Strategy, for example, recently announced plans to raise $1 billion to buy even more Bitcoin, cementing its position as the largest corporate Bitcoin holder.