TLDR

France-based Blockchain Group has announced a plan to raise up to €300 million through a new share issuance program.
The company will use all the funds raised to purchase Bitcoin and increase its holdings per share.
Shares will be issued gradually using an at-the-market structure with prices based on daily market value.
French asset manager TOBAM will act as the financial intermediary by purchasing the shares directly on the market.
A shareholder vote in February approved the €300 million plan, and a new vote on June 10 may raise the limit to €500 million.

France-based Blockchain Group has launched a new funding initiative targeting up to €300 million for Bitcoin acquisition. To raise funds, the company will gradually issue new shares under an “at-the-market” (ATM) structure. French asset management firm TOBAM will act as the financial intermediary, purchasing shares directly on the open market.

The program aims to use all proceeds to purchase Bitcoin, increasing the company’s holdings per share. The Blockchain Group believes this approach will enhance its market position while aligning with its strategic focus on digital assets. The new share issuance comes after a February shareholder vote authorizing up to €300 million in new equity issuance.

JUST IN: 🇫🇷 French company The Blockchain Group to raise €300 Million to buy more #Bitcoin pic.twitter.com/xyc0SYIgac

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

The company plans to hold another vote on June 10 to extend the issuance cap to €500 million. Management sees this expansion as a way to strengthen the company’s exposure to Bitcoin through listed equity. The Blockchain Group remains committed to using equity proceeds solely for cryptocurrency acquisition.

Bitcoin Recovers After Musk-Trump Clash

Bitcoin maintained a price level slightly above $100,000 during the past week despite ongoing market turbulence. The digital currency saw a near 4% drop following an online dispute between Elon Musk and Donald Trump. However, Bitcoin recovered swiftly to trade around $100,400 after the initial decline.

The market reacted to speculation of reconciliation between the two public figures, pushing Bitcoin to approximately $105,500. This brief rally highlighted the cryptocurrency’s sensitivity to social and political developments. Analysts noted that Bitcoin continues to respond strongly to sentiment-driven news events.

Market participants also responded to Friday’s stronger-than-expected U.S. non-farm payroll data. This economic report helped support Bitcoin’s current trading levels. However, upcoming inflation figures may affect Bitcoin’s short-term price direction.

Upcoming CPI and PPI Data Could Trigger Market Movement

The release of U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) data could increase volatility across cryptocurrency markets. Market analysts anticipate short-term movements in Bitcoin prices based on these inflation reports. These indicators play a significant role in shaping near-term economic expectations.

Stronger inflation data may boost Bitcoin as a hedge, while weaker readings could lead to a correction. The Blockchain Group continues monitoring macroeconomic shifts while advancing its capital plan.

The post Will France’s Blockchain Group’s €300M Bet on Bitcoin Pay Off? appeared first on CoinCentral.

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Filed under: News - @ June 9, 2025 6:29 pm