The Blockchain Group raises €9.7M for Bitcoin growth.
Company acquires 624 BTC, totaling 1,471 BTC.TOBAM and Adam Back boost investment in shares.Strategy aims for 1,611 BTC in potential holdings.Funds support Europe’s leading Bitcoin treasury.
The Blockchain Group has raised €9.7 million through equity and convertible bond issuance to advance its Bitcoin Treasury Company strategy. The funds will strengthen the company’s Bitcoin holdings and operational growth.
Funding Details Unveiled
The company issued a convertible bond, subscribed and denominated in BTC, through its Luxembourg subsidiary, The Blockchain Group Luxembourg SA. This bond converts into shares of The Blockchain Group at €6.24 per share, with TOBAM investing €6 million. A second bond issuance, also in BTC, converts at €0.7072 per share, raising an additional €3.7 million.
Adam Back, a key investor, participated in the equity raise, subscribing to 2,126,565 ordinary shares at €0.544 per share. This adds €1.16 million to the company’s capital. Legal adjustments further increased share conversions for TOBAM and other OCA Tranche 1 holders.
Strategic Bitcoin Acquisition
The Blockchain Group now holds potential ownership of 80 BTC, boosting its total potential holdings to 1,611 BTC. This follows the completion of remaining operations outlined in the May 26, 2025, press release. The strategy aims to increase Bitcoin per share over time.
The company confirmed acquiring 624 BTC for €60.2 million, bringing its total to 1,471 BTC. This move reflects a yield of 1,097.6% year-to-date, showcasing aggressive growth in its treasury.
Investor Participation
TOBAM subscribed to the convertible bonds, converting them into 1,838,235 ordinary shares at adjusted rates. Adam Back’s investment included 1,485,957 ordinary shares, aligning with the company’s expansion goals. The funds will support further Bitcoin acquisitions and operational scaling.
Legal measures adjusted OCA Tranche 1 conversions, adding 262,605 shares for TOBAM at €0.544 per share. This totals €0.14 million, enhancing the company’s capital base.
The €9.7 million raise positions The Blockchain Group as a leader in Bitcoin treasury management. With 1,471 BTC valued at €131.9 million, the company solidifies its role in Europe’s crypto market. The strategy targets long-term value creation through Bitcoin holdings.
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