French-based firm The Blockchain Group has plans to raise $340 million to fund BTC acquisitions through a key partnership with TOBAM, an asset management firm and early adopter of Bitcoin company treasury investments.
The Blockchain Group will accelerate its Bitcoin Treasury Company strategy through an ‘ATM’ program (At-The-Money), which will be focused on increasing the number of bitcoins per share on a fully diluted basis.
A press release by the group stated that the capital increases will be carried out in tranches for a total amount of 300 million euros ($340 million). They will be priced based on either the previous day’s closing price of Bitcoin or the volume-weighted average price for the day, capped at 21% of trading volume.
This update comes as multiple companies either ramp up BTC buying activity or create a Bitcoin treasury strategy to capitalize on digital assets.
Companies like Metaplanet and Strategy routinely buy BTC as part of their investment strategy. Metaplanet has rolled out a 2025-2027 acquisition plan targeting 210,000 BTC for acquisition, which is 1% of all Bitcoin that will ever be mined, as the total circulating supply is fixed at 21 million bitcoins. Strategy—the world’s biggest corporate holder of Bitcoin—unveiled an offering of perpetual preferred stock called $STRD on June 3rd, 2025, later upsizing the deal from $250 million to $1 billion on June 6th, 2025.
The Blockchain Group’s latest BTC acquisition was made on June 3rd, buying a total of 624 bitcoins, bringing total holdings to 1,471 bitcoins as per an X post on the same day.
