The Blockchain Group and TOBAM launch a €300 million Bitcoin capital increase plan
According to official news, Europe's first Bitcoin reserve company, The Blockchain Group, announced the signing of an "at market price" capital increase agreement with asset management company TOBAM, totaling 300 million euros (including issuance premium). This plan aims to accelerate its Bitcoin reserve company strategy by gradually increasing the per-share Bitcoin holdings on a fully diluted basis through phased capital increases. TOBAM can apply to subscribe for shares as needed, with the issuance price determined by the higher of the previous day's closing price or the volume-weighted average price, and the daily issuance volume not exceeding 21% of the day's trading volume. TOBAM is a strategic investor in The Blockchain Group.
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