The Blockchain Group Secures €10 Billion Approval to Expand Bitcoin Treasury Holdings

The Blockchain Group, recognized as Europe’s pioneering Bitcoin treasury reserve firm, secured shareholder approval on June 10 to raise in excess of €10 billion (approximately $11 billion) for strategic Bitcoin acquisitions. During a pivotal Ordinary and Extraordinary General Meeting, investors representing 39% of voting rights endorsed all proposals with overwhelming support exceeding 95%. This decisive mandate empowers the board to issue equity or alternative securities and access both public and private capital markets without pre-emptive subscription rights, enhancing financial flexibility.

CEO Jean-Philippe Casadepax-Soulet emphasized that this capital increase will significantly accelerate the company’s Bitcoin treasury strategy, enabling a progressive rise in fully diluted BTC holdings per share. Concurrently, shareholders appointed Alexandre Laizet as Deputy CEO, entrusting him with Bitcoin strategy oversight for a six-year tenure extending through December 2030.

This authorization markedly surpasses the previously announced €300 million At-The-Market (ATM) issuance facility arranged with asset manager TOBAM, which allows incremental share sales at prevailing market prices. Should TOBAM fully exercise its option, it could control up to 39% of The Blockchain Group’s equity. Currently, the company’s market capitalization stands at approximately €498 million, underscoring substantial growth potential within the crypto asset management sector.