TechFlow news, June 9 — According to an official announcement, European-listed company The Blockchain Group has signed an on-exchange capital increase agreement with asset management firm TOBAM for a total amount of 300 million euros, aiming to accelerate The Blockchain Group's strategy as a bitcoin reserve company, with the goal of increasing bitcoin holdings per share over time.
Under the agreement, TOBAM may submit subscription requests after the close of each trading day. The subscription price will be based on the higher of the closing price or the volume-weighted average price of the prior trading day, and each subscription amount shall not exceed 21% of the trading volume from the previous trading day.
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