The Blockchain Group to Raise $342.7M to Buy BTC

The Blockchain Group, a publicly traded French company, plans to raise a substantial $342.7 million to acquire more of the world’s largest crypto asset by market capitalization, bitcoin (BTC). According to a recent X post, the Bitcoin treasury company plans to raise the funds through an ATM (At The Market) offering program.

Notably, the capital program is in partnership with TOBAM, an asset management company that provides innovative investment solutions. Meanwhile, the ATM is designed to accelerate the company’s strategy, which aims to increase the number of bitcoins per share.  

The Blockchain Group to Expand Crypto Portfolio 

Notably, the funds aim to boost the firm’s Bitcoin treasury strategy. It also facilitates the expansion of its crypto-asset reserves. Furthermore, the latest move shows the company’s commitment to the apex crypto asset. It sees BTC as a hedge against inflation.

Following the latest BTC announcement, the company’s stock spiked, trading at £4.66. This represents a 13.54% increase, which shows investors’ interest. Through its partnership with TOBAM, The Blockchain Group is strategically enhancing its potential for expanded growth and influence within the crypto sector. 

Despite the asset’s decline in recent times, the firm remains committed to the digital asset. Following its all-time high (ATH) reached in May 2025, the crypto declined. It first broke through its previous high of $109,000, moved past $110,000, and touched $112,000. 

Crypto Big Buys 

Most importantly, the asset’s progressive movement added profits to traders and investors, also increasing their confidence in the coin. At press time, BTC was changing hands at over $106,000. 

Interestingly, The Blockchain Group started acquiring BTC last November, following the steps of Strategy (former MicroStrategy), the largest corporate BTC holder. So far, the company has accumulated approximately 1,471 BTC at an average purchase price of $102,507.  

To demonstrate its commitment, the firm recently purchased 624 BTC, valued at $68 million. The purchase marked another milestone for The Blockchain Group, which now boasts an impressive 1,097.6% YTD Bitcoin return, solidifying its role as Europe’s first Bitcoin treasury firm. 

Similarly, CoinTab reported that the Bitcoin treasury company also raised $72 million in bonds to acquire BTC. Even as it keeps its eye on Bitcoin, the company noted it is not slowing down on growing its blockchain, AI, and data intelligence subsidiaries.