Mr kasana
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The Blockchain Group has raised an additional €7.2 million, about $7.7 million, to support its plan of becoming Europe’s leading Bitcoin Treasury company.
The announcement was made in a June 17 press release by the Paris-listed firm (Euronext: ALTBG.PA), which is pursuing a long-term strategy of increasing the amount of Bitcoin btc-0.67%Bitcoin per share it holds.
The funding was secured through an “At-The-Market type” capital raise with asset manager TOBAM, where 1.6 million new shares were issued at an average price of €4.49. That price reflected a 20.76% discount from the stock’s June 13 close, due to market volatility during the raise.
The capital raise allows The Blockchain Group to continue adding BTC to its balance sheet, as part of a broader treasury strategy that started in late 2024
You might also like:Michael Saylor’s Strategy strengthens Bitcoin bet with 10,100 BTC purchase
This strategy mirrors capital market moves made by firms like Strategy and Japan’s Metaplanet, both of which hold significant amounts of Bitcoin. The Blockchain Group is one of the first in Europe to follow this path, aiming to accumulate up to 260,000 BTC, currently about $24 billion, by 2033.
The recent capital raise saw TOBAM, through three of its funds, subscribe to all 1.6 million shares. The largest tranche went to the TOBAM Bitcoin CO2 Offset Fund, which acquired over 834,000 shares.
The other two funds, the Bitcoin Treasury Opportunities Fund and the Blockchain Equity Fund, took the remaining portion. As a result, TOBAM now holds 3.3% of The Blockchain Group’s capital on a fully diluted basis.
The capital raise follows a shareholder vote on June 11 that increased the company’s fundraising capacity to €500 million in nominal value. That resolution passed with over 95% approval, underlining strong investor support for the Bitcoin pivot.
On a fully diluted basis, the company’s share count now exceeds 313 million, factoring in all potential conversions from bonds, free share grants, and warrants.
The announcement was made in a June 17 press release by the Paris-listed firm (Euronext: ALTBG.PA), which is pursuing a long-term strategy of increasing the amount of Bitcoin btc-0.67%Bitcoin per share it holds.
The funding was secured through an “At-The-Market type” capital raise with asset manager TOBAM, where 1.6 million new shares were issued at an average price of €4.49. That price reflected a 20.76% discount from the stock’s June 13 close, due to market volatility during the raise.
The capital raise allows The Blockchain Group to continue adding BTC to its balance sheet, as part of a broader treasury strategy that started in late 2024
You might also like:Michael Saylor’s Strategy strengthens Bitcoin bet with 10,100 BTC purchase
This strategy mirrors capital market moves made by firms like Strategy and Japan’s Metaplanet, both of which hold significant amounts of Bitcoin. The Blockchain Group is one of the first in Europe to follow this path, aiming to accumulate up to 260,000 BTC, currently about $24 billion, by 2033.
The recent capital raise saw TOBAM, through three of its funds, subscribe to all 1.6 million shares. The largest tranche went to the TOBAM Bitcoin CO2 Offset Fund, which acquired over 834,000 shares.
The other two funds, the Bitcoin Treasury Opportunities Fund and the Blockchain Equity Fund, took the remaining portion. As a result, TOBAM now holds 3.3% of The Blockchain Group’s capital on a fully diluted basis.
The capital raise follows a shareholder vote on June 11 that increased the company’s fundraising capacity to €500 million in nominal value. That resolution passed with over 95% approval, underlining strong investor support for the Bitcoin pivot.
On a fully diluted basis, the company’s share count now exceeds 313 million, factoring in all potential conversions from bonds, free share grants, and warrants.
#SECCrypto2.0
marks a significant evolution in the regulation of the cryptocurrency industry. As the SEC (Securities and Exchange Commission) adapts to the rapidly changing digital asset landscape, Crypto 2.0 aims to bring clarity, security, and protection to both investors and the market. This new framework is designed to address emerging challenges in crypto trading, blockchain technology, and compliance. By providing updated guidelines, #SECCrypto2.0 will help foster innovation while ensuring that the industry operates within legal boundaries. Stay informed and be prepared for the next phase of cryptocurrency regulation! #CryptoRegulation #Blockchain #CryptoSecurity
marks a significant evolution in the regulation of the cryptocurrency industry. As the SEC (Securities and Exchange Commission) adapts to the rapidly changing digital asset landscape, Crypto 2.0 aims to bring clarity, security, and protection to both investors and the market. This new framework is designed to address emerging challenges in crypto trading, blockchain technology, and compliance. By providing updated guidelines, #SECCrypto2.0 will help foster innovation while ensuring that the industry operates within legal boundaries. Stay informed and be prepared for the next phase of cryptocurrency regulation! #CryptoRegulation #Blockchain #CryptoSecurity
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#SECCrypto2.0
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🔹 #SECCrypto2.0 – Is the SEC’s new crypto policy about to shake the market, or is it the dawn of a new era?
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#ILOVE$TRUMP
$TRUMP 30 mins ago @realDonaldTrump posted "I Love $TRUMP"
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$TRUMP 30 mins ago @realDonaldTrump posted "I Love $TRUMP"
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$NEIRO Update
Current Price: $0.00027185 (-2.3%)
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Current Price: $0.00027185 (-2.3%)
Analysts predict $1 NEIRO could be achievable by the end of Ramadan. Watch the analysis and verify the projections for yourself.
How do I explain to my grandma that I turned $71 into $20,000 without her thinking I robbed a bank? 😂🤣
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Circle (CRCL) surged 34% to a new all-time high after the U.S. Senate passed the GENIUS Act — fueling optimism for stablecoin regulation and crypto equities. With Circle’s blowout IPO, many now see this as the start of a broader wave of crypto public listings.
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The Fed held rates steady for the 4th meeting in a row. Chair Powell said more data is needed before cutting, even as inflation cools. The Fed’s 2025 outlook shows two possible rate cuts. Meanwhile, Trump reignited tensions, calling Powell “stupid” and urging a 2% cut to boost the economy.
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