The Blockchain Group Raises $8.3 Million via 1.6 Million New Shares to Bolster Bitcoin Treasury

The Blockchain Group, Europe’s pioneering bitcoin treasury company, has announced a €7.2 million ($8.3 million) capital raise through the issuance of 1.6 million new shares at €4.49 each, aimed at expanding its bitcoin holdings.

This strategic move reinforces the company’s position as a leader in corporate bitcoin adoption, aligning with global counterparts like U.S’s Strategy and Japan’s Metaplanet in what has been dubbed the “BTC Trinity.”

Capital Raise Details

On June 17, 2025, The Blockchain Group launched a €7.2 million capital raise via an “At-The-Market” (ATM) offering in partnership with asset manager TOBAM, issuing 1.6 million new shares priced at €4.49 each.

To facilitate this issuance, the Chief Executive Officer waived shareholders’ preferential subscription rights in favor of TOBAM, as outlined in the ATM program, ensuring the offer was directed to specific investors in predetermined proportions

This decision, accompanied by a detailed allocation chart in the company’s announcement, underscores the targeted nature of the raise.

The funds will be used to “increase the number of bitcoins per share,” a core metric for enhancing shareholder value. The raise builds on a shareholder-approved €500 million fundraising capacity voted on June 11, 2025, and follows a €300 million ATM program initiated on June 9, 2025, to further expand bitcoin reserves.

The company currently holds 1,471 BTC, acquired at an average price of $102,507, valued at approximately $154 million to $161 million based on recent market conditions.

The company’s strategy focuses on leveraging capital markets to accumulate bitcoin, enhancing shareholder value through exposure to this transformative asset, as outlined in its broader treasury objectives.

Strategic Context and the “BTC Trinity”

The Blockchain Group’s bitcoin-centric strategy draws inspiration from Strategy, led by Michael Saylor, which recently acquired 10,100 BTC for $1.05 billion, bringing its total holdings to 592,100 BTC, valued at over $63 billion.

Japan’s Metaplanet has similarly accelerated its bitcoin accumulation, adding 1,112 BTC for $117.2 million to reach 10,000 BTC, surpassing Coinbase’s 9,267 BTC.

Together with The Blockchain Group’s ongoing expansion of its 1,471 BTC treasury, these three firms—coined the “BTC Trinity”—have recently executed significant purchases to bolster their bitcoin reserves, solidifying their global leadership in corporate bitcoin adoption.

By prioritizing BTC per share, The Blockchain Group cements its role as Europe’s flagship in this movement. The company views bitcoin as a strategic reserve for the future, reflecting strong confidence in its long-term value, as outlined in its treasury strategy.

Driving European Bitcoin Adoption

The €7.2 million raise, though modest compared to the €300 million program, signals The Blockchain Group’s disciplined approach to capital allocation. By issuing shares through an ATM mechanism, the company minimizes market disruption while securing funds at favorable terms.

This strategy contrasts with traditional debt financing, offering flexibility in a volatile cryptocurrency market. The move comes amid growing institutional interest in bitcoin, with European firms increasingly exploring crypto as a treasury asset.

The Blockchain Group’s actions may inspire other European companies to follow suit, potentially accelerating bitcoin adoption across the continent. As the firm continues to execute its €500 million fundraising mandate, its role as a trailblazer in Europe’s bitcoin landscape is solidified, reinforcing the “BTC Trinity” narrative alongside Strategy and Metaplanet.