Blockchain Group, Europe's first BTC Treasury company, has completed recent capital raising activities and made additional Bitcoin purchases.
Capital Increase and Bitcoin Purchase
Recently, Blockchain Group announced the completion of a capital increase under its At-The-Market (ATM) program with TOBAM, raising approximately €1.1 million ($1.28 million). Part of these funds was also utilized to purchase 22 Bitcoin for $2.2 million. As a result, the company's total holdings now stand at 1,955 BTC as of July 21.
Current Results and BTC Yield
According to the report, the company's current Bitcoin holdings have generated a yield of 1,373% year-to-date and 7.5% quarter-to-date. Over the year, the company gained approximately 549.3 BTC or around €55.5 million.
Planned Expansion to OTCID Market
Blockchain Group also communicated its final steps for a listing on the OTCID market in the U.S., which provides a transparent and regulated environment for international companies to engage with U.S. investors.
Thus, Blockchain Group continues to actively develop by increasing its Bitcoin holdings and expanding its presence in international markets.
