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The Blockchain Group has successfully raised €6 million to bolster its Bitcoin Treasury strategy, with significant investments from Blockstream CEO Adam Back and asset manager TOBAM.
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This capital increase enables the company to potentially expand its Bitcoin holdings to nearly 2,000 BTC, reinforcing its commitment to integrating traditional equity with cryptocurrency assets.
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According to COINOTAG, “The Blockchain Group’s strategic capital injections reflect growing institutional confidence in Bitcoin as a long-term treasury asset.”
Blockchain Group secures €6M funding from Adam Back and TOBAM to expand Bitcoin reserves, aiming for nearly 2,000 BTC holdings and strengthening its treasury strategy.
Blockchain Group Accelerates Bitcoin Treasury Expansion with €6 Million Capital Injection
The Blockchain Group, a Paris-listed technology firm, has taken a decisive step in enhancing its Bitcoin Treasury Company model by raising €6 million through two capital increases finalized on July 14, 2025. This funding round included a €5 million investment from Adam Back, CEO of Blockstream, and €1.1 million from TOBAM, a Paris-based asset management firm. The capital raise was executed via share issuances on Euronext Growth Paris, leveraging regulatory exemptions under French law to expedite the process without a prospectus.
This infusion of capital is strategically aimed at increasing the company’s Bitcoin reserves per share, aligning with its long-term vision to integrate cryptocurrency assets within a traditional equity framework. The Blockchain Group’s approach reflects a growing trend among publicly listed companies to hold Bitcoin as a treasury asset, thereby offering shareholders exposure to digital currencies through regulated equity markets.
Strategic Investments from Industry Leaders Highlight Confidence in Bitcoin Treasury Model
Adam Back’s substantial investment of nearly €5 million, resulting in the subscription of over 1.24 million new shares, underscores his commitment to the company’s vision. This move not only increases his stake to 12.56% of the total share capital but also signals strong insider confidence in the firm’s Bitcoin accumulation strategy. Concurrently, TOBAM’s €1.1 million subscription, executed under an “ATM-type” capital agreement, involved multiple internal funds including the TOBAM Bitcoin Enhanced Fund and Bitcoin Treasury Opportunities Fund, highlighting institutional interest in diversified Bitcoin exposure.
The issuance price for TOBAM’s shares was set at €3.9493 each, based on a volume-weighted average price formula, ensuring a fair valuation aligned with market conditions. These investments collectively enable the company to potentially acquire an additional 50 BTC, bringing total Bitcoin holdings to an estimated 1,983 BTC. This milestone reflects a significant scale-up in the company’s treasury assets and positions it as a notable player in the crypto-equity landscape.
Shareholder Structure and Market Implications of the Capital Increase
Post-transaction, the shareholder structure of The Blockchain Group has shifted to reflect increased stakes by key investors. Adam Back’s holdings now exceed 17 million shares, while TOBAM controls approximately 6.59 million shares. Institutional investors and company executives hold the remaining shares, with a public and institutional float of 73.68%. This diversified ownership base supports liquidity and market confidence in the company’s strategic direction.
On a fully diluted basis, considering convertible bonds and free share allocations, the company’s share capital could surpass 322 million shares. This expanded capital base facilitates ongoing Bitcoin accumulation while maintaining compliance with regulatory frameworks. The Blockchain Group’s model exemplifies a hybrid approach that bridges traditional financial markets and emerging digital asset classes, offering investors a regulated avenue to gain Bitcoin exposure.
Regulatory Compliance and Market Transparency
The capital increases were conducted under French regulatory exemptions, obviating the need for approval from the Autorité des marchés financiers (AMF). This streamlined process allowed for timely execution while ensuring transparency through public disclosures on Euronext Growth Paris. The company’s adherence to regulatory standards enhances investor confidence and aligns with best practices in corporate governance.
Moreover, the public release of detailed transaction terms and shareholder impacts demonstrates The Blockchain Group’s commitment to market transparency. Such openness is critical in the evolving crypto investment landscape, where regulatory clarity and investor protection remain paramount.
Conclusion
The Blockchain Group’s recent €6 million capital raise, supported by prominent investors Adam Back and TOBAM, marks a pivotal advancement in its Bitcoin Treasury strategy. By potentially increasing its Bitcoin holdings to nearly 2,000 BTC, the company solidifies its position at the intersection of traditional equity markets and digital asset accumulation. This development not only reflects growing institutional confidence in Bitcoin as a treasury asset but also sets a precedent for regulated public companies seeking to integrate cryptocurrency into their capital structures. Investors and market participants should monitor The Blockchain Group’s progress as it continues to pioneer innovative financial models in the crypto space.
