The Blockchain Group May Expand Bitcoin Treasury Following €6M Capital Increase with Adam Back and TOBAM

Key Points

1. The Blockchain Group raised €6 million through capital increases, with €5 million from Adam Back (Blockstream CEO) and €1.1 million from TOBAM.

2. Adam Back's investment increased his stake to 12.56% of the company, while TOBAM's shares were issued at €3.9493 each under an 'ATM-type' agreement.

3. The funding will help the company potentially acquire an additional 50 BTC, bringing total holdings to an estimated 1,983 BTC.

4. Post-transaction, Adam Back holds over 17 million shares, and TOBAM controls approximately 6.59 million shares, with institutional investors increasing the free float to 73.68%.

5. The capital increases were conducted under French regulatory exemptions, avoiding the need for AMF approval, and were disclosed publicly on Euronext Growth Paris.