The Blockchain Group (TBG), a technology company based in France and listed on the Euronext Growth Paris, has just announced a plan to raise 300 million Euros through a flexible stock issuance program to purchase additional Bitcoin for its corporate treasury. If approved by shareholders at the expected meeting on June 10, the total issuance value could be raised to a maximum of 500 million Euros (approximately 570 million USD).
This stock issuance program is built on the "at-the-market" (ATM) model – a form of stock offering previously used by MicroStrategy (now Strategy) in the US – but has been adjusted to comply with financial legal regulations in Europe.
This is a step that clearly shows TBG's ambition in building a Bitcoin-based treasury strategy, similar to the trend pursued by large companies in the US and Asia. Just last week, the company purchased an additional 624 Bitcoin with a total value of around 69 million USD, raising its total Bitcoin holdings to 1,471 BTC – equivalent to over 158 million USD at current market prices.
Thanks to its strategy focused on digital assets, especially Bitcoin, The Blockchain Group's stock has seen an extraordinary growth of nearly 1,400% in just 6 months. With this positive move, TBG is gradually establishing itself as one of the top Bitcoin-holding listed companies in Europe, standing alongside major names like Strategy (US) and Metaplanet (Japan), and demonstrating that Europe is also strongly participating in the global Bitcoin accumulation wave.
