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The Blockchain Group Launches €300 Million Bitcoin-Backed Capital Program

  • The Blockchain Group has launched a €300 million Bitcoin-backed capital program known as an 'ATM-type' facility to accelerate their BTC acquisition strategy.
  • TOBAM, a key investor in The Blockchain Group and a digital asset management leader, will be the exclusive subscriber in the program allowing them to acquire shares daily based on market conditions.
  • The capital raise will be deployed in tranches, with TOBAM submitting purchase requests based on the prior day's closing market price or volume-weighted average price.
  • The ATM structure aims to increase the number of bitcoins held per share over time, enhancing shareholder value and positioning The Blockchain Group as a Bitcoin treasury leader in Europe.

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