The Blockchain Group, a company listed on the Paris stock exchange, has significantly advanced its capital expansion efforts by successfully completing a €7.2 million ($7.7 million) funding round, spearheaded by the asset management firm TOBAM. This initiative supports the firm’s strategy of establishing itself as a Bitcoin Treasury Company.
The funds were raised through an “At-The-Market” (ATM) offering, resulting in the issuance of 1,603,306 new ordinary shares at an average price of €4.49 each.
This share price reflects a 20.76% discount compared to the closing price on June 13, which is largely attributed to market fluctuations during the offering period.
Why Blockchain Group Just Became Europe’s Most Attractive Bitcoin Play
On June 17, Blockchain Group announced that it had consolidated subscription orders made by TOBAM from June 9 to June 13 into a singular capital increase.
The subscription price was determined under terms specified in the ATM Agreement signed on June 6, and the new shares are set to be traded on Euronext Growth Paris.
The Blockchain Group announces a capital increase totalling ~€7.2 million at an average price of ~€4.49 per share as part of its “ATM-type” capital increase program with TOBAM to pursue its Bitcoin Treasury Company strategy
Full Press Release (EN): https://t.co/KHPHTT0eeB… pic.twitter.com/f2xgxbi8Ez
— The Blockchain Group (@_ALTBG) June 17, 2025
TOBAM’s participation involved three of its investment funds, all of which subscribed to the full allocation of 1.6 million shares. The TOBAM Bitcoin CO2 Offset Fund was the largest benefactor, acquiring over 834,000 shares.
The remaining shares were distributed among the Bitcoin Treasury Opportunities Fund and the Blockchain Equity Fund.
As a result of this transaction, TOBAM now holds more than 3% of Blockchain Group’s total capital on a fully diluted basis.
Notably, TOBAM, a strong proponent of institutional Bitcoin investment since 2017, engaged in this transaction without acting as a financial intermediary, forgoing any fee collection.
The asset manager now holds the option to either retain or sell its newly acquired shares.
This funding comes on the heels of a shareholder meeting held on June 11, which expanded the company’s fundraising capability to €500 million in nominal value. This resolution received support from over 95% of shareholders.
With this capital boost, Blockchain Group is poised to continue its efforts in acquiring Bitcoin for its treasury, a strategy that was initiated in late 2024 and has positioned it as Europe’s first Bitcoin Treasury Company.
The firm is also involved in various subsidiaries that focus on data intelligence, artificial intelligence, and consulting in decentralized technology.
This strategic move parallels similar initiatives by other firms such as MicroStrategy and Japan’s Metaplanet, both known for holding substantial Bitcoin reserves.
Blockchain Group has set a bold target to amass up to 260,000 BTC, estimated to be valued at around $24 billion, by the year 2033.
WATCH: @AlexandreLaizet, Deputy CEO of @_ALTBG, outlines how Europe’s first public #Bitcoin treasury company is scaling faster than anyone expected.
From 15 to 1,400+ BTC in just 7 months—and now targeting 1% of total BTC supply.
@BitcoinForCorps Symposium | #Bitcoin2025 pic.twitter.com/AYlXI9PKfy
— Bitcoin For Corporations (@BitcoinForCorps) June 10, 2025
From March to June of this year, Blockchain Group confirmed the acquisition of 1,431 BTC, valued at over $152 million based on the current Bitcoin price of $106,599.
Geopolitical Crisis Could Crash Bitcoin to $100K — Here’s the Timeline
A close examination of Bitcoin’s 4-hour price chart indicates potential for a bullish breakout, following its recent attempts to breach the $109,000 mark.
As of the latest assessment, Bitcoin was trading at approximately $106,479, recovering from a low point near $100,385.
The cryptocurrency has surpassed the 0.786 Fibonacci retracement level, previously a resistance point, and is now positioned just below a descending trendline, showing minimal price movement since late May.
Technical analysis suggests that several Fibonacci levels have created critical support and resistance zones. The 0.382 level at $104,818 and the 0.5 level at $105,999 provide immediate support and align with an ascending trendline, enhancing the technical confluence in this region.
The 0.618 Fibonacci level at $107,557 presents the next hurdle, followed by a more formidable barrier at the 0.786 level, approximately at $109,507.
Forecasts indicate a potential rise toward the 1.618 Fibonacci extension target of $119,164, contingent upon a decisive breakout above the overhead resistance at $109,507 and the psychological barrier near $111,991.77, which previously indicated a swing high.
Nevertheless, growing geopolitical strains, particularly between Israel and Iran, may jeopardize the support zone between $104,800 and $105,400, thus endangering this optimistic outlook and possibly dragging Bitcoin back toward the lower thresholds of $103,100 and $100,385.
The post Blockchain Group Raises $7.7M for Bitcoin Treasury as BTC Tests $109K — Breakout or New ATH? appeared first on Finance Newso.
