The Blockchain Group Raises €11 Million to Expand Bitcoin Holdings by 60 BTC

The Blockchain Group, Europe’s first Bitcoin Treasury Company listed on Euronext Growth Paris, has successfully raised €11 million to expand its Bitcoin holdings. This capital infusion was achieved through a combination of recent capital operations, including the conversion of warrants and new equity subscriptions. Notably, Blockstream CEO Adam Back subscribed to 2.1 million shares at €0.544 per share, contributing approximately €1.16 million toward the bitcoin purchase. Asset manager TOBAM also participated, subscribing to 262,605 shares for around €0.14 million, as part of legal adjustment measures for convertible note holders. Additionally, the company converted over 1.1 million warrants (BSA 2025-01) into shares, raising €0.6 million, and finalized a separate €4.1 million capital raise under its “ATM-type” program with TOBAM.

The capital raise came after the recent shareholder vote that approved an increase in the company’s fundraising limit to €500 million in nominal value. The resolution passed with more than 95% of votes in favor, signaling strong investor backing for the company’s shift toward a Bitcoin-focused strategy. This funding has enabled The Blockchain Group to acquire an additional 60 Bitcoin (BTC) for approximately €5.5 million, bringing its total BTC holdings to 1,788 BTC, valued at around €161.3 million. The company’s total Bitcoin holdings now stand at 1,788 BTC, acquired at an average price of approximately €90,213 per BTC.

The Blockchain Group started building its Bitcoin holdings in November last year. In its 2024 financial results, the company announced a 709% return on its Bitcoin investments, which means that the YTD yield of 1,270% reported for the first half of 2025 already surpasses the total return achieved in 2024. The company’s goal is to accumulate approximately 170,000 BTC — equivalent to 1% of the total Bitcoin supply — by 2032, with a focus on gradually increasing the amount of Bitcoin held per fully diluted share. This strategic move underscores The Blockchain Group’s commitment to becoming a significant player in the Bitcoin market, leveraging its strong financial backing and investor support to achieve its ambitious targets.

This latest funding round highlights The Blockchain Group’s aggressive strategy to expand its Bitcoin holdings, which is part of a broader trend among companies looking to diversify their portfolios with digital assets. The company’s ability to secure significant investment from high-profile figures like Adam Back and institutional investors like TOBAM demonstrates the growing confidence in Bitcoin as a viable investment option. The Blockchain Group’s ambitious target of holding 1% of the total Bitcoin supply by 2032 is a bold move that could position the company as a major player in the cryptocurrency market. However, achieving this goal will require sustained investment and a favorable market environment for Bitcoin. The company’s strong financial performance and investor support suggest that it is well-positioned to navigate the challenges ahead and continue to grow its Bitcoin holdings.