TechFlow, June 11 — According to CryptoSlate, European-listed company The Blockchain Group received shareholder approval on June 10 to immediately raise over 10 billion euros (approximately 11 billion USD) to accelerate its Bitcoin acquisition strategy. The resolution was supported by investors holding 39% of voting rights, with an approval rate exceeding 95%.
CEO Jean-Philippe Casadepax-Soulet stated the move will "accelerate the company's Bitcoin treasury strategy," increasing the amount of Bitcoin per share over time. Shareholders also elected Alexandre Laizet as a board member and appointed him Deputy CEO responsible for Bitcoin strategy, effective until December 2030.
The Blockchain Group currently holds 1,471 bitcoins, worth approximately 160 million USD at current prices. Management plans to use the expanded authorized funding for similar acquisitions, positioning the company as Europe's most active public buyer of Bitcoin.
