The Blockchain Group gets shareholder backing to raise over €10B for Bitcoin expansion

The Blockchain Group has secured overwhelming shareholder approval to raise over €10 billion through the issuance of new shares and securities in order to buy more Bitcoin.

The Blockchain Group, Europe’s first Bitcoin Treasury Company listed on Euronext Growth Paris, has received an overwhelming shareholder approval to issue shares and securities worth over €10 billion. This includes the ability to offer new shares either with or without preferential subscription rights, through public offerings or private placements to select investors.

These new financial delegations will support the company’s goal of increasing its Bitcoin ( BTC ) holdings per share on a fully diluted basis over time as part of its Bitcoin Treasury Company strategy.

In conjunction with the capital measures, Alexandre Laizet was appointed to the Board of Directors and named Deputy CEO responsible for the company’s Bitcoin Strategy.

This move comes on the heels of The Blockchain Group’s recent successful €63.3 million convertible bond sale through its Luxembourg subsidiary, intended to fund the purchase of approximately 590 BTC. According to data from Bitcoin Treasuries , the company currently holds 1471 BTC on its balance sheet worth $161.11 million at current market prices. The company aims to hold 1% of the total Bitcoin supply — about 170,000 BTC — by 2032.

The Blockchain Group is part of a growing cohort of European companies advancing their Bitcoin acquisition strategies through structured financing. Most recently, Swedish health tech firm H100 Group secured $2.2 million via convertible loans to expand its own BTC holdings.

Meanwhile, aggressive Bitcoin-acquiring companies like Strategy and Metaplanet continue to ramp up their holdings. Earlier this month, Strategy added 1,045 BTC, worth approximately $110 million, bringing its total holdings to 582,000 BTC. Japan-based Metaplanet also added 1,088 BTC to its portfolio in early June, increasing its total to 8,888 BTC.