TechFlow news, May 21 — According to an announcement by the European listed company The Blockchain Group, the company decided on May 19 to carry out a capital increase of approximately 8.6 million euros at a price of 1.279 euros per share. This capital increase consists of a directed placement of about 4.3 million euros and a private placement of about 4.35 million euros.
The company stated that the proceeds will be used to strengthen its Bitcoin reserve strategy and continue developing the operational businesses of its subsidiaries.




