🚀 The Blockchain Group Adds 60 More BTC
Europe’s first listed Bitcoin treasury firm, The Blockchain Group, just added 60 BTC (~€5.5M), boosting total holdings to 1,788 BTC valued at €161.3M. 📈 This comes after successful fundraising efforts, including equity subscriptions and warrant conversions. Notably, Blockstream CEO Adam Back and asset manager TOBAM were key participants. 💸
🔥 Capital Raise Backed by Investors
The company raised over €4.1M via its ATM program, and €0.6M from warrant conversions, after a shareholder vote approved upping the fundraising cap to €500M. 🗳️ With over 95% support, investor confidence is strong in its Bitcoin-first strategy. 🟠
💹 Massive $BTC Yield & Future Ambitions
The firm posted a 1,270% YTD BTC yield, gaining 500+ BTC worth ~€46.7M — even surpassing its 709% return in 2024! 😮 With eyes on 170,000 BTC by 2032 (1% of BTC supply), the group is laser-focused on long-term accumulation. 🧠🔒