Catenaa, Wednesday, June18, 2025- The Blockchain Group, Europe’s first bitcoin treasury firm, said Tuesday it plans to raise $8.3 million by issuing new shares, ramping up efforts to expand its digital asset holdings amid rising institutional interest in bitcoin.
The company, listed on Euronext Growth Paris, will issue approximately 1.6 million new ordinary shares at an average price of €4.49 ($5.19) per share. The move is part of a broader $342 million at-the-market (ATM) share issuance program launched last week with French asset manager TOMAB, one of the company’s shareholders.
In a parallel effort announced Friday, the group also raised $11.2 million through equity and convertible bond offerings, underscoring its aggressive bitcoin accumulation strategy. The company currently holds 1,471 BTC, according to Bitcointreasuries.net.
Despite its announcement, shares of The Blockchain Group slipped more than 4% Tuesday, trading at €5.53 in afternoon sessions. Company officials did not comment on the stock movement.
The Blockchain Group joins a growing list of firms increasing exposure to bitcoin as a reserve asset. Strategy, led by President Donald Trump ally Michael Saylor, remains the largest corporate holder of bitcoin, with 592,100 BTC following its latest 10,100 BTC purchase on Monday.
