The Blockchain Group Secures €6 Million to Boost Bitcoin Holdings by 50 BTC

The Blockchain Group, a Paris-based firm specializing in AI and decentralized technologies, has secured €6 million in new funding to enhance its Bitcoin treasury strategy. This capital injection comes from two key institutional players: Adam Back, the CEO of Blockstream, and TOBAM, a French asset management firm. The funds will be used to acquire approximately 50 additional BTC, bringing the group's total holdings to an estimated 1,983 BTC.

The transaction, announced on July 15, reflects the company's ongoing effort to align its corporate treasury with Bitcoin. This strategy aims to increase Bitcoin exposure per share and establish the firm as a leading reference point for crypto balance sheet integration in Europe. The €6 million raise was completed in two tranches. Adam Back subscribed to 1,248,439 newly issued shares at €4.005 each, amounting to nearly €5 million. This investment gives him ownership of more than 17 million shares, or approximately 12.56% of the company’s diluted capital.

TOBAM contributed the remaining €1.1 million by subscribing to 282,201 shares at a price of €3.95 per share. The firm now holds about 4.87% of the company’s diluted share capital. The issuance of shares did not require pre-approval from the French financial regulator, the Autorité des marchés financiers (AMF), due to exemptions available under current capital market regulations. This allowed The Blockchain Group to complete the raise on an accelerated timeline and direct the funds into Bitcoin acquisitions without delay.

The Blockchain Group has made clear its intention to become Europe’s first listed Bitcoin Treasury Company. With this capital raise, the firm reaffirms its long-term plan to grow its BTC-to-share ratio, treating Bitcoin as a strategic reserve asset. The approach mirrors similar moves by U.S.-based firms like MicroStrategy and Hut 8, which hold large amounts of Bitcoin on their balance sheets.

According to company disclosures, the newly acquired funds will be used to purchase approximately 50 BTC. This would increase the group’s total Bitcoin reserves to 1,983 BTC, signaling an ongoing institutional commitment to crypto treasury management in Europe. The Blockchain Group is listed on Euronext Growth Paris, which offers small—to mid-cap firms access to public capital within a regulated framework. The firm operates in decentralized technologies, artificial intelligence, and data intelligence.

After the capital increase, the company’s ownership structure consists of a combination of institutional investors, executive stakeholders, and general investors. It’s a controlled listing that enables investors to access an indirect entry into Bitcoin via equity, which is regulated by the emerging crypto regime in France. The Blockchain Group has successfully raised €6 million in fresh capital to bolster its Bitcoin treasury strategy. This significant funding round was led by Adam Back and supported by TOBAM, both of whom are prominent figures in the cryptocurrency and investment sectors. The funds will be used to expand the group's Bitcoin holdings, with a specific target of increasing its reserves to 1,983 BTC. This strategic move is in line with France's regulatory framework, ensuring compliance and stability within the European market.

The investment from Adam Back, a well-known cryptographer and co-founder of Blockstream, adds a layer of credibility and expertise to the Blockchain Group's endeavors. Back's involvement suggests a strong belief in the potential of Bitcoin and the group's ability to navigate the complexities of the cryptocurrency landscape. TOBAM, a Paris-based asset management firm, brings institutional backing and a robust financial infrastructure to support the group's growth.

The €6 million raised includes a €5 million contribution from Adam Back, highlighting his commitment to the project. This substantial investment will enable the Blockchain Group to accelerate its Bitcoin accumulation strategy, aiming to increase the amount of BTC per share. The group's focus on expanding its Bitcoin reserves underscores its confidence in the long-term value and stability of the cryptocurrency.

The Blockchain Group's decision to expand its Bitcoin holdings under France's regulatory framework is a strategic move that ensures operational compliance and legal protection. This approach not only mitigates risks but also positions the group favorably within the European market, which is increasingly recognizing the potential of digital assets. The successful fundraising round and the backing from prominent investors like Adam Back and TOBAM signal a positive outlook for the Blockchain Group. The group's strategic focus on Bitcoin, coupled with institutional support, positions it well to capitalize on the growing interest and adoption of cryptocurrencies. As the group continues to expand its Bitcoin reserves, it is poised to play a significant role in the evolving landscape of digital assets.