The Blockchain Group has secured €6 million in strategic funding from prominent investors Adam Back and TOBAM to accelerate its Bitcoin treasury expansion strategy. The capital infusion positions the company to significantly strengthen its Bitcoin reserves and market presence.
Blockstream CEO Adam Back contributed €5 million through a directed capital increase, elevating his stake in The Blockchain Group to 12.56%. Paris-based investment firm TOBAM separately invested €1.1 million via shares issued under an ‘ATM-type’ agreement priced at €3.9493 per share.
The fresh funding will enable the acquisition of approximately 50 additional Bitcoin, pushing total corporate holdings toward 1,983 BTC. This expansion fortifies The Blockchain Group’s position as one of Europe’s leading corporate Bitcoin treasury holders.
Post-investment ownership distribution sees Adam Back holding over 17 million shares while TOBAM controls approximately 6.59 million shares. Institutional participation has increased free float to 73.68%, enhancing liquidity.
The capital raises were executed utilizing French regulatory exemptions that bypass AMF approval requirements. Both transactions received formal disclosure on Euronext Growth Paris.