Blockchain Group Secures $7.7M to Expand Bitcoin Treasury
French tech firm strengthens its position as Europe’s first Bitcoin Treasury Company with new funding led by TOBAM.
In a bold move solidifying its transformation into Europe’s first Bitcoin Treasury Company, Paris-listed Blockchain Group has raised €7.2 million ($7.7 million) through a fresh equity offering. The capital injection, led by institutional investor TOBAM, marks a pivotal step in the company’s long-term crypto treasury strategy, modeled after the likes of MicroStrategy and Metaplanet.
A Strategic Capital Raise Backed by a Bitcoin Veteran
Blockchain Group executed the fundraising via an At-The-Market (ATM) equity offering, issuing 1,603,306 new shares at an average price of €4.49 each — reflecting a 20.76% discount from its June 13 closing price. The pricing was impacted by market turbulence during the subscription window from June 9 to June 13.
The entire allocation was subscribed by TOBAM, a Paris-based asset management firm known for its early adoption of Bitcoin. The transaction was finalized without a financial intermediary, meaning TOBAM will not receive any commission or fees, and retains full discretion to either hold or liquidate its stake.
TOBAM spread its investment across three of its crypto-focused funds:
- TOBAM Bitcoin CO2 Offset Fund: acquired over 834,000 shares
- Bitcoin Treasury Opportunities Fund: smaller portion
- Blockchain Equity Fund: remaining shares
Post-transaction, TOBAM holds over 3% of Blockchain Group’s fully diluted capital.
Shareholder Approval Paves Way for €500M War Chest
The fundraising followed a June 11 shareholder meeting where investors overwhelmingly — more than 95% in favor — approved the expansion of the company’s capital raising ability up to €500 million in nominal value. This vote reaffirmed market confidence in Blockchain Group’s aggressive pivot toward becoming a Bitcoin-centric enterprise.
The proceeds from this latest round will be deployed to acquire additional Bitcoin, accelerating a broader strategy initiated in late 2024. The firm has publicly committed to growing its BTC reserves significantly, targeting an audacious 260,000 BTC by 2033, a cache valued at nearly $24 billion at current prices.
Rapid Bitcoin Accumulation Since March
Blockchain Group’s Bitcoin strategy is already well underway. Between March and June 2025, the company added 1,431 BTC to its treasury — a haul currently worth more than $150 million, based on average Bitcoin’s market price.
This approach mirrors high-profile treasury strategies from companies like MicroStrategy, which pioneered corporate Bitcoin adoption in the U.S., and Japan’s Metaplanet, which followed suit in Asia. However, Blockchain Group distinguishes itself as the first publicly traded firm in Europe to fully embrace Bitcoin as a core balance sheet asset.
Beyond crypto, the company operates multiple subsidiaries focused on data intelligence, AI solutions, and decentralized technology consulting, potentially positioning it as a hybrid player bridging Web2 and Web3 infrastructure.
Bitcoin Price Outlook: Volatility Persists Amid Geopolitical Risks
While Blockchain Group doubles down on Bitcoin, the cryptocurrency itself is navigating turbulent waters. At the time of writing, Bitcoin trades near $104,000, rebounding slightly from a recent dip to $103,388.
Short-term technicals point to a possible upward breakout, especially if BTC manages to sustain momentum above the 50-day EMA and retests $108,993. A decisive close above $112,000 would reinforce bullish sentiment and could unlock a path to the $120,000 level.
However, geopolitical tensions, particularly between Israel and Iran, cast a long shadow. Analysts warn that a significant escalation could push Bitcoin below $100,000, with the next psychological support resting around $95,000.
In contrast, if diplomatic efforts succeed and institutional ETF inflows remain strong, BTC could regain its upward trajectory. During periods of correction, institutional buyers may see this as an opportunity to accumulate, a trend already visible in TOBAM’s recent activity.
A Long-Term Bet on Bitcoin’s Role in Finance
Blockchain Group’s aggressive move is more than a headline-grabbing maneuver — it represents a philosophical commitment to Bitcoin as a foundational asset for the digital age. In backing the strategy, both shareholders and institutional partners like TOBAM are signaling their belief in the long-term value of BTC, not just as an investment, but as a store of value and strategic reserve.
As traditional finance continues to intersect with crypto infrastructure, Blockchain Group’s model may serve as a blueprint for other European firms looking to leverage Bitcoin’s scarcity, transparency, and decentralization.
With robust backing, shareholder confidence, and a clear vision through 2033, Blockchain Group is emerging not just as a tech consultancy — but as Europe’s most ambitious corporate Bitcoin accumulator.
