TL;DR
- Paris-based Blockchain Group plans to raise €300 million (approximately $340 million) to increase its Bitcoin reserves.
- The fundraising will follow an ATM (At-The-Market) model, releasing shares in controlled tranches to avoid market disruption.
- Asset manager TOBAM will oversee the process, helping to position Blockchain Group as a leading player in Europe’s institutional crypto space.
Blockchain Group, which describes itself as Europe’s first dedicated Bitcoin treasury firm, has announced an ambitious plan to raise $340 million in capital. The goal is to significantly boost its Bitcoin holdings at a time when major institutions are reassessing their stance on the digital asset. With over $154 million in BTC already under management, the company is aiming to more than double its reserves and solidify its position on the global crypto stage.
Fundraising Structure Inspired By Wall Street
What sets this raise apart is its structure. Using a model rarely seen in Europe, Blockchain Group will sell its shares directly on the market through an ATM-style approach. Prices will be based on the higher of the previous day’s closing price or the volume-weighted average price, with a strict cap of 21% of that day’s total trading volume.
The process will begin with an initial tranche of €500,000 and scale from there, depending on market conditions. This kind of capital raise, while common in the U.S., is a rare move for European crypto firms. It’s a sign of Blockchain Group’s intent to blur the lines between traditional finance and crypto-driven capital strategy.
TOBAM Joins The Strategic Expansion Plan
Adding further momentum to the plan is the involvement of TOBAM, a respected French asset manager with a track record in crypto since 2017. TOBAM will not only facilitate the fundraising but also help direct the capital into Bitcoin, focused growth and yield strategies.
Alexandre Laizet, the group’s Deputy CEO and head of Bitcoin strategy, emphasized that this move is not just about increasing reserves, but about expanding globally while staying firmly aligned with long-term performance. Meanwhile, Valentin Kosanovic highlighted the team’s total commitment to making Bitcoin a foundational source of value creation.
Meanwhile, the US market is sending mixed signals. Bitcoin spot ETFs saw outflows exceeding $47 million on June 6. However, Blockchain Group demonstrates that betting on Bitcoin doesn’t depend on daily flows, but rather on a sustained view over time.
Rather than following the market’s trends, Blockchain Group is creating its own direction. And on that path, Bitcoin remains at the center.
