Blockchain Group Launches $342 Million Share Issuance to Buy Bitcoin

• Blockchain Group Expands Cryptocurrency Treasury with Bitcoin
• TOBAM supports issuing shares for purchasing bitcoin
• Company wants to increase BTC per share in a diluted form

Blockchain Group, a company listed on Euronext Growth Paris, announced on Monday the launch of a €300 million (about $342,5 million) capital increase program focused on acquiring more bitcoin as part of its crypto treasury strategy.

The plan is being implemented in partnership with French asset manager TOBAM, a strategic investor in the group. The program is structured similarly to the “ATM” offerings used in the United States, allowing the company to issue new shares gradually, depending on demand and market conditions.

The Blockchain Group, a crypto company in Paris, wants to raise over $340 million to buy more Bitcoin.

They already hold 1,471 $ BTC and plan to sell shares step by step.

The stock $ALTBG jumped 20% on the news. pic.twitter.com/v3ql7N8V1p

— Satoshi Club (@esatoshiclub) June 9, 2025

TOBAM will have the right to request the issuance of new shares daily after the market closes. The shares will be priced based on the previous day’s closing price or the volume-weighted average, with a limit of 21% of the daily trading volume. The operation may be renewed or adjusted as decided by the board of Blockchain Group and TOBAM, within an initial period of six months.

According to the official statement, the main objective is to increase the number of bitcoins per share on a fully diluted basis, promoting transparency on issuances, prices charged and the amount of BTC acquired with each transaction. The company also commits to updating the market with regular data on the progress of the program.

The previous week, Blockchain Group revealed the purchase of 624 BTC for around $68,7 million, bringing its current stash to 1.471 BTC — valued at approximately $158 million.

Unlike traditional US models, in which the financial intermediary acts in the sale and does not hold the shares, TOBAM may choose to retain the shares and remain a shareholder. The manager will not receive commissions for the operation nor will it provide placement services, according to the company's statement. The initiative reinforces the group's position as a European pioneer in the adoption of bitcoin as a corporate reserve asset.