Paris, June 9, 2025 – The Blockchain Group (ALTBG), Europe’s pioneering Bitcoin Treasury Company, has announced an ambitious plan to raise €300 million (approximately $342 million) through an innovative share-issuance program to fuel its aggressive Bitcoin accumulation strategy. This landmark move, structured as an at-the-market (ATM) equity program in partnership with French asset manager TOBAM, underscores the company’s commitment to positioning itself as a leading corporate holder of Bitcoin in Europe.

A Bold Step in Bitcoin Treasury Expansion

The Blockchain Group, listed on Euronext Growth Paris, has already made waves in the cryptocurrency space with its Bitcoin-focused treasury strategy. On June 3, 2025, the company acquired 624 BTC for €60.2 million ($68.7 million), bringing its total holdings to 1,471 BTC, valued at approximately €131.9 million. This latest capital raise aims to significantly expand those reserves, reinforcing the company’s long-term vision of accumulating 1% of the global Bitcoin supply by 2032.

The €300 million ATM program allows TOBAM, a longtime investor in Bitcoin, to purchase shares at its discretion, potentially increasing its stake in The Blockchain Group from 3% to over 39%. If fully executed, the program could pave the way for a shareholder vote on June 10 to expand the capital raise to €500 million, further solidifying the company’s Bitcoin acquisition capacity.

A Proven Track Record of Strategic Financing

The Blockchain Group’s recent financial maneuvers demonstrate a calculated approach to Bitcoin accumulation. In May 2025, the company raised €8.6 million through a private placement to acquire 80 BTC, followed by a €55.3 million convertible bond issuance subscribed by Fulgur Ventures to purchase an additional 544 BTC. Earlier, a €12.1 million BTC-denominated convertible bond was issued to Blockstream CEO Adam Back, showcasing the company’s ability to attract high-profile crypto investors.

These efforts have fueled a remarkable 1,400% surge in The Blockchain Group’s stock price over the past six months, reflecting strong market confidence in its crypto-aligned strategy. The company’s Bitcoin holdings have also delivered an impressive 1,097.6% BTC yield year-to-date, highlighting the financial success of its treasury pivot.

Leading the European Bitcoin Treasury Movement

The Blockchain Group’s aggressive Bitcoin strategy positions it as a trailblazer in Europe, where institutional adoption of cryptocurrency is gaining momentum. Unlike speculative investments, the company views Bitcoin as a cornerstone of its balance sheet, a hedge against fiat currency depreciation, and a key driver of long-term value creation. This approach mirrors that of global leaders like MicroStrategy, which holds over 580,000 BTC, and Japan’s Metaplanet, recently dubbed “Asia’s MicroStrategy.”

By partnering with TOBAM, The Blockchain Group is not only securing significant capital but also signaling to other European corporations the viability of Bitcoin as a treasury asset. The company’s focus on increasing its “bitcoins per share” metric aligns with its goal of delivering shareholder value through strategic crypto investments.

A Vision for the Future

The Blockchain Group’s leadership remains steadfast in its mission to integrate Bitcoin into its corporate DNA while continuing to develop its subsidiaries’ operational activities in data intelligence, artificial intelligence, and decentralized technologies. The company’s annual report outlines an ambitious target of acquiring 260,000 BTC by 2033, a goal that would represent a significant portion of Bitcoin’s fixed 21 million supply.

As Bitcoin consolidates near $105,000, down from its April peak of $111,965, The Blockchain Group’s proactive accumulation strategy underscores its belief in the cryptocurrency’s long-term potential. With a market cap of €543 million and a stock price up 20% to €4.9 following the announcement, the company is poised to redefine corporate treasury management in Europe.

Conclusion

The Blockchain Group’s €300 million capital raise marks a pivotal moment in the evolution of corporate Bitcoin adoption. By leveraging strategic partnerships and innovative financing, the company is cementing its position as Europe’s foremost Bitcoin Treasury Company. As institutional interest in cryptocurrency continues to grow, The Blockchain Group’s bold strategy could inspire a new wave of “Bitcoin balance sheet” players across the continent, reshaping the financial landscape for years to come.