The Blockchain Group, recognized as Europe’s pioneering Bitcoin reserve firm, has formalized a significant capital increase agreement with asset management giant TOBAM, valued at €3 billion including issuance premiums. This strategic move is designed to enhance the company’s Bitcoin reserve holdings by incrementally raising the per-share Bitcoin allocation under full dilution conditions.
Under the terms, TOBAM retains the flexibility to subscribe for shares as required, with the issuance price anchored to the higher value between the previous day’s closing price and the volume-weighted average price. Importantly, the daily issuance volume is capped at 21% of the daily trading volume, ensuring market stability. This partnership positions TOBAM as a key strategic investor, reinforcing The Blockchain Group’s commitment to expanding its Bitcoin reserve strategy within the European financial ecosystem.