BlockBeats News, June 9th, according to official sources, Europe's first Bitcoin reserve company, The Blockchain Group, announced that it has signed an "at market" capital increase agreement with asset management company TOBAM, totaling 3 billion euros (including the issuance premium).
This plan aims to accelerate its Bitcoin reserve company strategy by gradually increasing the per share Bitcoin holdings under full dilution. TOBAM can apply for share subscriptions as needed, and the issuance price will be determined based on the higher of the previous day's closing price or volume-weighted average price, with the daily issuance volume not exceeding 21% of the daily trading volume. TOBAM is a strategic investor in The Blockchain Group.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.