The Blockchain Group announces a significant increase in its Bitcoin holdings following the completion of multiple fundraising rounds, enabling it to consolidate its assets as part of its accumulation strategy.
Strategic Fundraising Rounds
On July 7, The Blockchain Group, Europe’s first Bitcoin Treasury Company, confirmed the completion of three strategic capital raises totaling approximately €11 million. The funds were directed towards the acquisition of 116 BTC.
Terms and Outcomes of Transactions
On July 1, the company announced an ATM-type equity issuance to institutional investor TOBAM. This raise brought in approximately €1 million and was used to purchase 11 BTC. Concurrently, the Luxembourg subsidiary executed two €5 million convertible bond issuances, allowing for the acquisition of 52 BTC and 53 BTC respectively. All three rounds cumulatively raised around €11 million.
Long-Term Plans of the Company
The Blockchain Group began accumulating Bitcoin in November of last year, aiming to hold around 170,000 BTC by 2032, representing about 1% of the total Bitcoin supply. The company continues to increase the amount of BTC held per fully diluted share in line with its strategy.
Thus, The Blockchain Group demonstrates a confident growth in its Bitcoin holdings, reinforcing its ambitions to become a leading Bitcoin Treasury Company in Europe.
