A Bitcoin-focused company hopes to raise $340 million through unique stock sales that occur every day. The blockchain group, known for stacking bitcoins on the balance sheet, announced plans to work with asset manager Tobam to achieve this. If raised, the money will buy more bitcoins directly.
Currently, the company holds 1,471 BTC, worth approximately $158 million. The total includes 624 BTC recently purchased, and the Treasury Department, which already has 847 BTC.
Small amounts of stocks sold daily
Instead of selling all shares immediately, the blockchain group adopts a method called “on-market” or ATM, which is commonly used in the United States. In this setup, Tobam can purchase common shares from the blockchain group once a day. The share price will depend on the closing price of the previous day or the average trading price of the day, which is higher.
🟠Blockchain Group launches 300 million euros of “ATM-Type” capital growth plan through Tobam⚡️
Complete press release (EN):
Complete Press Release (FR):
BTC Strategy (EN): pic.twitter.com/dzqcickgk8
– Blockchain Group (@_altbg) June 9, 2025
There are hats, too. No more than 21% of the trading volume on the day can be sold to Tobham. This helps avoid flooding the market and keep pricing more stable. The goal is to raise $340 million without shocking investor confidence or sudden stock price drop.
Image: Nomadic Labs
The board will have room for a salary increase
According to shareholder decisions, the green light of the blockchain group can issue nominal value up to 500 million euros ($570 million). However, this cap will only be attacked if the board approves it. Currently, the target is a $340 million target.
If Bitcoin’s current price ($107,700), the company could buy about 3,170 BTC in full pay raise. This will triple its current stake. This is a major move for companies that only start this strategy in November 2024.
The price and motivation of Bitcoin are important
Over the past day, Bitcoin has climbed about 2.2% and 3.5% has climbed 3.5% over the past week. After a May all-time high of $112,000, the price has dropped slightly, but not. BTC has recently bounced from $104,100, and some market observers believe it is a sign of strength.
Others in the industry are also strengthening Bitcoin’s bets. The strategy, led by Michael Saylor, a supporter of U.S. President Donald Trump, hopes to raise nearly $1 billion, compared to the $250 million it had earlier planned. The company already holds 2.75% of all Bitcoins in circulation, worth more than $61 billion.
Featured images from Imagen, charts from TradingView
Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.
