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.