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A Bitcoin company based in Paris wants to gather $ 340 million through a singular kind of stock sales that takes place daily. The Blockchain Group, known to stack Bitcoin within the balance sheet, announced plans to work with the asset manager Tobam to attain this. The money, whether it is collected, will go into the acquisition of more Bitcoin.
The company currently holds 1,471 BTC, which corresponds to around 158 million US dollars. This total total comprises 624 BTC, which were recently bought, along with 847 BTC in its treasury.
Shares which are sold in small day by day batches
Instead of selling all shares at the identical time, the blockchain group goes with a way “available on the market” or “ATMs”, which is commonly utilized in the USA. In this setup, Tobam can someday buy regular shares at Blockchain Group. The share price relies on the ultimate or average trading price of the day gone by for at the present time – which is increasingly higher.
🟠 The blockchain group starts a capital increase program of € 300 million with Tobam⚡️
Complete press release (s): https://t.co/dbxxbbb6ot8
Complete press release (FR): https://t.co/xbatfaoqfn
Btc strategy (s): https://t.co/ivkw8s4zb pic.twitter.com/dzqcickgk8
– The blockchain group (@_altbg) June 9, 2025
There can also be a cap. No greater than 21% of the trading volume of at the present time might be sold to Tobam. This helps to avoid flooding the market and keeping pricing more stable. The aim is to gather 340 million US dollars without shaking investors' trust or creating sudden stock value.
Image: Nomadic laboratories
The board has space to expand the rise
Based on shareholder decisions, the Blockchain Group has the green light to issue as much as € 500 million (570 million USD). However, this upper limit is barely tapped if the board gives the homepage. At the moment the goal of 340 million US dollars is.
BTC is currently $ 107,295. Diagram: Tradingview
If Bitcoin stays at the present price -107,700 US dollars -the company could buy around 3,170 BTC with the complete increase. That would greater than triple its current stocks. It is a giant step for a corporation that only began this strategy in November 2024.
Price and momentum from Bitcoin
Bitcoin has risen about 2.2% last day and three.5% last week. After an all-time high of $ 112,000 in May, the worth cooled barely, but it surely was not far. BTC recently dropped from 104,100 US dollars, which some market observers saw as an indication of strength.
Others within the industry strengthen their Bitcoin bets. The strategy, led by the US supporter Michael Saylor, has been requested to gather almost 1 billion US dollars -increases from an earlier plan of $ 250 million. The company already has 2.75% of the whole Bitcoin in circulation price greater than 61 billion US dollars.
Selected picture of Imageen, Diagram by Tradingview
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