TechFlow news, on June 25, according to an official announcement by The Blockchain Group, the company has completed a capital increase of approximately 4.1 million euros at an average price of about 5.085 euros per share. This capital increase is part of the company's "ATM-type" capital raising agreement with TOBAM, aimed at advancing its Bitcoin treasury strategy.
The Blockchain Group completed this financing by issuing 800,690 new ordinary shares, with proceeds used to increase the amount of Bitcoin held by the company. The company stated that this transaction, along with other ongoing operations, could enable it to acquire approximately 40 additional Bitcoin, bringing the total potential holdings to 1,768 Bitcoin.
The Blockchain Group is Europe's first Bitcoin treasury company, listed on Euronext Growth Paris, focusing on data intelligence, artificial intelligence, and decentralized technology consulting and development. The company's strategic goal is to increase the amount of Bitcoin per share over time.
