The Blockchain Group, in collaboration with TOBAM, launches a 300 million euro Bitcoin capital increase plan

ChainCatcher news, according to official sources, the first Bitcoin reserve company in Europe, The Blockchain Group, announced the signing of a "market price" capital increase agreement with asset management company TOBAM, totaling 300 million euros (including issuance premium).

This plan aims to accelerate its Bitcoin reserve company strategy by gradually increasing the per-share Bitcoin holdings on a fully diluted basis through phased capital increases. TOBAM can apply to subscribe for shares as needed, with the issuance price determined by the higher of the previous day's closing price or the volume-weighted average price, and the daily issuance amount will not exceed 21% of the day's trading volume. TOBAM is a strategic investor in The Blockchain Group.