The Blockchain Group, the first company in Europe with a bitcoin reserve, announced the successful raising of €7.2 million (approximately $8.32 million) through a strategic 'ATM' type funding initiative in partnership with TOBAM. This capital, raised at an average share price of €4.49, is aimed at expanding the company's bitcoin reserve, which currently stands at 1471 $BTC after a recent acquisition of 624 BTC for €60.2 million. The company has an ambitious goal of accumulating 260,000 BTC by 2033, affirming its position as a leader in corporate bitcoin adoption in Europe.
This step reflects the growing interest of institutional players in bitcoin as a strategic reserve asset. The Blockchain Group also reported an impressive BTC Yield of 1097.6% since the beginning of the year, highlighting the effectiveness of its strategy. With a partnership with Fulgur Ventures and other investors, the company plans to scale its capital to €100 billion to implement its long-term bitcoin strategy.
This event strengthens The Blockchain Group's position in the market, where the company's shares have increased by 1400% over the last six months. Stay tuned for news to keep up with the development of bitcoin reserves!
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