The Blockchain Group to Raise $340M for BTC Purchases

Paris-based The Blockchain Group plans to raise $342 million to expand its Bitcoin treasury, already valued at over $154 million.
The Blockchain Group to Raise $340M for BTC Purchases
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Key Takeaways

  • The Blockchain Group will raise $342 million to expand its Bitcoin treasury.
  • It currently holds 1,471 BTC valued at over $154 million after a $68M purchase last week.
  • The raise mimics U.S. ATM offerings and comes amid similar moves by firms like Strategy.

The Blockchain Group, a Paris-based firm positioning itself as Europe’s first dedicated Bitcoin treasury company, announced plans to raise 300 million euros (approximately $342 million) to fund additional Bitcoin purchases.

Fundraising structure

The company will structure the raise using a model inspired by U.S.-style “At the Market” (ATM) offerings.

Shares will be sold at prevailing market rates, subject to a volume cap of 21% of daily trading.

Pricing will be based on either the previous day’s close or a volume-weighted average price, whichever is higher.

Recent Bitcoin purchase

The announcement follows The Blockchain Group’s recent $68 million Bitcoin purchase, which brought its total holdings to 1,471 BTC, worth over $154 million at current prices.

Alignment with institutional moves

This fundraising aligns with moves by other institutional holders.

On June 7, Strategy—formerly MicroStrategy—quadrupled a planned raise to nearly $1 billion for further Bitcoin accumulation.

Strategy now holds over 2.76% of Bitcoin’s total supply, valued at more than $61 billion.

Market context & institutional confidence

While Bitcoin recently pulled back from its all-time high of $112,000 reached on May 22, firms like The Blockchain Group continue to build long-term positions.

According to Nexo’s Stella Zlatareva, such treasury strategies reflect institutional confidence despite short-term volatility.

Contrasting market signals

However, not all signals are bullish—U.S.-listed Bitcoin ETFs have seen back-to-back outflows totaling $325 million over two days, according to Farside Investors.

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