On June 9, 2025, the blockchain group (Euronext: Altbg) announced a capital increase program of 300 million euros in partnership with Tobam- marking one of the largest flexible funding facilities for European public procurement dedicated to the scaling of a Bitcoin treasure.
The increase is structured as an “ATM type” offer (at the market), allowing Tobam to subscribe daily to ordinary shares at a price based on the closing price of the previous day above or the average price weighted in volume (VWAP). Each tranche is capped at 21% of the trading volume of the day. This provides a disciplined mechanism to increase capital over time without disturbing market dynamics.
Tobam: a long -term strategic funder
Tobam, an asset manager based in Paris, is a strategic investor in the Blockchain group since 2017. The firm was among the first institutional defenders of Bitcoin as an actor and remains one of the most innovative capital beneficiaries in Europe. This in -depth partnership underlines the shared conviction in the long -term value of Bitcoin and the importance of financial infrastructure based on the principles of hard money.
Thanks to this program, Tobam can allocate Altbg equity capital in a manner that aligns the liquidity of the market, ensuring that the growth of the treasury occurs sustainably and on the transparency of prices.
What it means for Bitcoin for companies
For BFC members and observers, this development reflects the growing global standardization of fixed assets for Bitcoin native companies. The ATM structure – commonly used in American stock markets – has now been adapted to European Bitcoin Treasury growth. It offers several key advantages:
➤ Precision timing: Capital can be deployed when the conditions are favorable, avoiding the drawbacks of flat -rate increases.
➤ BTC by Focus Action: The program is explicitly designed to increase the number of bitcoins per share on an entirely diluted basis, aligning the value of shareholders and treasure.
➤ Strategic flexibility: Instead of counting on traditional fundraising windows, the blockchain group now has continuous access to growth capital.
A cash engine, not just a treasure
The Blockchain group has regularly transformed a digital service company into a full -fledged Bitcoin cash company. This 300 million euros program transforms this transformation into a capital engine – one which can convert equity into Bitcoin in a coherent, reactive way and with a strategic intention.
It also strengthens the position of Europe in the Bitcoin ecosystem of the emerging company. While most Bitcoin cash companies are based in the United States today, the Blockchain group’s game book offers a model for public enterprises across Euronext and other international exchanges.
The blockchain group does not only hold Bitcoin – is to design an infrastructure to accumulate it over time. With the support of Tobam and a flexible ATM program in place, the first Bitcoin Bitcoin cash company in Europe is about to put the BTC by action with precision – one tranche at a time.
Non-liability clause: This content has been written on behalf of Bitcoin for companies. This article is intended only for information purposes and should not be interpreted as an invitation or a request to acquire, buy or subscribe to titles.
