The company focused on Bitcoins based in Paris wants to raise $ 340 million thanks to the unique type of sales that takes place day by day. The Blockchain group, known for putting Bitcoins in the balance sheet, announced plans for cooperation with the Tobam ​​asset manager to make it happen. Money, if they are collected, will go straight to buy more Bitcoin.

At the moment, the company has 1,471 BTC, which is of approximately $ 158 million. This sum recently covers 624 BTC, along with 847 BTC already in the treasury.

Actions sold in compact everyday parties

Instead of selling all shares at the same time, Blockchain Group with a method called “on the market” or ATM, commonly used in the USA. In this configuration, Tobam ​​can buy ordinary shares from Blockchain Group one day. The price of shares will depend on the closing of the previous day or average commercial price for this day – which is ever higher.

🟠 Blockchain Group introduces the “ATM” program by EUR 300 million

Full press release (EN): https://t.co/dbxxbb6ot8

Full press release (FR): https://t.co/xbatfaoqfn

BTC (EN) strategy: https://t.co/eivkw8S4ZB pic.twitter.com/dzqcickgk8

– Blockchain group (@_altbg) June 9, 2025

There is also a hat. No more than 21% of that day of the trade volume can be sold Tobam. This helps to avoid the market flood and maintains a more stable valuation. The goal is to raise $ 340 million without shocking the investor’s trust or a sudden decrease in the value of shares.

Image: Nomadic Labs

Board takes place to expand the raise

Based on the decisions of Blockchain Group shareholders, it has a green lithe to issue up to EUR 500 million (USD 570 million). But this upper limit will only be tapped when the DA Ahead board. For now, the target stand $ 340 million.

If Bitcoin remains around its current price –USD 107,200– The company can buy around 3170 BTC with a full raise. This is more than his current current resources. This is a great traffic for the company that started this strategy only in November 2024.

Bitcoin price and momentum

Bitcoin climbed around 2.2% on the last day and 3.5% over the past week. After reaching the highest level in the amount of USD 112,000 in May, the price cooled down a bit, but did not fall far. BTC recently reflected from USD 104,100, which some observers considered a sign of strength.

Others in the industry also raise Bitcoin. Strategy. The company already has 2.75% of all bitcoins in circulation, worth over $ 61 billion.

A distinguished image from Imagen, chart from TradingView

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