Blockchain Group Taps Markets for €7.2 Million to Fuel Fresh Bitcoin Buys

Paris-listed Blockchain Group has turned once again to equity markets to bulk up its crypto war chest, unveiling a €7.2 million share placement aimed squarely at purchasing additional Bitcoin.

The company will issue roughly 1.6 million new shares on Euronext Growth at an average €4.49 apiece, tapping into the €300 million “at-the-market” program it launched only last week.

Today’s raise extends the aggressive treasury strategy the firm sketched out on Friday, when it outlined plans to sell new stock and convertible notes worth €9.7 million.

Management wants to grow holdings beyond the 1,471 BTC it already controls, positioning the business alongside the handful of public companies using corporate cash to accumulate the cryptocurrency.

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Investors edged away on the news; the stock slipped more than four percent intraday to €5.53, according to Euronext data. Even so, Blockchain Group’s leadership framed the dilution as a small down payment on a much larger buying program backed by strategic shareholder TOMAB.

MicroStrategy’s playbook looms large in the background. Michael Saylor’s firm added another 10,100 BTC earlier this week and now sits on 592,100 coins, reinforcing the notion that balance-sheet Bitcoin can serve as a long-term corporate reserve. Blockchain Group’s latest move signals its intent to follow that path—albeit on a European stage and at a fraction of the scale.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.