The Blockchain Group Raises €7.2 Million for Bitcoin Reserve Expansion

The Blockchain Group raised €7.2 million by issuing 1,603,306 shares at an average price of €4.49 to strengthen its Bitcoin reserves.

The funding was executed through an "ATM-type" capital increase with TOBAM, a crypto financing firm. All new shares were acquired by three TOBAM-managed funds:

The Bitcoin CO2 Offset Fund: 834,806 shares for about €3.77 million
The Bitcoin Treasury Opportunities Fund: 735,000 shares
The BTC Linked and Blockchain Equity Fund: 33,500 shares

The new shares will be listed on the Euronext Growth market in Paris. The offering did not require a formal prospectus under AMF rules, facilitating the fundraising process. This follows a $50.64 million Bitcoin purchase by the company on March 26, 2025.