The Blockchain Group, recognized as Europe’s first Bitcoin reserve company, has successfully raised €7.2 million (approximately $8.32 million) in new funding.
The capital was secured through an At-The-Market (ATM) type funding initiative, executed in collaboration with asset management firm TOBAM. Shares were issued at an average price of €4.49.
This significant capital injection is earmarked to expand the company’s Bitcoin Reserve Company model and strengthen its position within the broader digital asset market.
The successful funding round underscores the growing institutional interest in regulated Bitcoin investment vehicles across the European market.
Furthermore, the initiative aligns with current market trends favoring transparent and compliant solutions for crypto asset management.