The Blockchain Group Announces €3 Million Capital Increase

The Blockchain Group, listed on Euronext Growth Paris, unveiled plans for a capital increase amounting to approximately €3 million. This initiative, executed under an "ATM-type" agreement with TOBAM, aims to advance the company's Bitcoin Treasury strategy. The increase was achieved through the issuance of 739,000 new ordinary shares at an approximate price of €4.056 each.

TOBAM's different funds subscribed to the new shares, with the TOBAM BITCOIN Enhanced Fund acquiring the largest portion at around €1.39 million. This capital increase, executed without the need for AMF-approved prospectuses, allows The Blockchain Group to raise its potential Bitcoin holdings to around 1,929 BTC.

This operation has implications for the company's share capital distribution, where the public and institutional shareholders hold the majority with a 74.09% stake. The transaction's overall impact is a slight increase in equity per share, reinforcing the company’s financial base and its strategy to focus on maximizing Bitcoin per share.