Blockchain Group, a Paris-listed firm focused on AI and decentralized technologies, announced it raised €6 million to support its Bitcoin treasury strategy.
Investments and Goals
The funding came from two institutional investors, Blockstream CEO Adam Back and French asset manager TOBAM. The funds will be used to acquire approximately 50 BTC, bringing the company's total holdings to an estimated 1,983 BTC.
Bitcoin Treasury Management Strategy
The company aims to establish itself as a European reference point for crypto asset integration in corporate balance sheets. The strategy includes increasing Bitcoin exposure per share and mirrors similar moves by U.S. firms such as MicroStrategy.
Shareholder Structure and Public Listing
The firm is listed on Euronext Growth Paris and operates in decentralized technologies and artificial intelligence. The capital raise offers investors indirect access to Bitcoin through equity.
As a result of the capital raise, Blockchain Group strengthens its position in the cryptocurrency market in Europe, showcasing growing institutional interest in crypto treasury management.
