The Blockchain Group, a European-listed company, received shareholder approval on June 10 to launch a €11 billion fundraising plan to accelerate its strategy of increasing its bitcoin holdings. The proposal, approved with more than 95% support, authorizes companies to expand their bitcoin reserves through the issuance of flexible financing vehicles such as stocks and bonds.
The new deputy CEO, Alexandre Laizet, will lead the bitcoin strategy and serve on the board until 2030. The company's CEO said the move will promote deeper synergies between the bitcoin reserve strategy and its main businesses such as data intelligence and AI consulting.
It is reported that The Blockchain Group currently holds 1,471 bitcoins (about $160 million), and earlier this month announced the establishment of 300 million euro ATM (market-based) financing mechanism with asset management company TOBAM.
The Blockchain Group Receives Approval to Launch 11 billion Euro Funding Program to Accelerate Bitcoin Buying Strategy
2025-06-11 01:37:47
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