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Briefly
- The Blockchain Group, based in Paris, aims to raise $ 342 million to further the Bitcoin Treasury Strategy.
- A public trading company raises funds through partnerships “on the market” with a Tobama asset manager.
- Blockchain Group is one of several public companies that accept the Bitcoin strategy that buys a booklet last year.
Blockchain group raises €300 ($ 342 million) to add Bitcoin According to his BTC, according to him statement On Monday or Potoz, which aligns the Paris Bitcoin Treasury with an increasing number of public companies that mimic the software company of a feature book strategy based at Bitcoin.
The company intends to raise funds through the “market” type offer, in partnership with a French assets by Tobama assets. According to the offer, Tobam will get shares directly from the Blockchain Group daily, with the purchase price be determined or the final price of the previous day or the average volume price, depending on which one is higher.
The number of shares that can be purchased will be limited to 21% of the daily trading volume.
Blockchain Group did not immediately respond Decipherptic Request for comment.
This move follows the purchase of Blockchain Group last week in the amount of 68 million BTC as part of its corporate strategy for storage of the oldest crypto currency in the world.
Blockchain groups shares traded on €4.80 ($ 5,48), which is 17% in the last 24 hours.
The raise comes because the Blockchain Group aims to build its Bitcoin Treasury strategy because more public and private companies jump on a strategic tape after a recent rise in Bitcoin price, whether or not they have anything to do with the crypto industry.
Bitcoin recently traded with approximately $ 108,400, which is 55% in the last year, according to data Coingecko provider. .
More than five dozen Public companies hold bitcoin on their balance sheets, with their shares worth a combined $ 82 billion from the time of publication, according to data From Bitbo. In the meantime, several companies have announced its plans to establish Bitcoin Fasten in the last few weeks, including public companies such as Treasure Global and Davis goods.
According to the Blockchain Group Agreement with Tobama, TBG can issue new shares of its shares worth 300 million euros over six months.
The Board of Directors of the Company may decide to renovate or not renew the Issue limit and extend the length of the program.
The Blockchain Group will provide updates on new sections issued during the offer, according to his statement. It will also reveal its growing Bitcoin Holdings, accompanying bitcoin on the section on a completely diluted basis.
Edited by James Rubin
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