Bitcoin -based company wants to raise $ 340 million through a unique type of sale that occurs day after day. BLOCKCHAIN group, known as Bitcoin, has announced in its public budget, plans to partnership with the Tobam Asset Manager to achieve this. Money, if collected, will go directly to buy more Bitcoin.
Currently, the company owns 1471 BTC, which is worth about $ 158 million. This total includes 624 BTC recently purchased, along with 847 BTC already in its wardrobe.
The stocks sold in small batches
Instead of selling all shares simultaneously, the Blockchain group runs with a method called “in the market” or ATMs, which are usually used in the United States. In this setting, TOBAM can purchase regular shares from the Blockchain group one day each time. The stock price depends on closing the previous day or the average trading price on that day – whatever it is higher.
Blockchain group launches a 300 million euro program “ATM” with Tobam
Full press release (EN): https://t.co/dbxxb6ot8
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Blockchain (_Altbg) collection June 9, 2025
There is also a cover. More than 21 % of the trading volume can be sold on that day to Tobam. This helps to avoid dumping the market and maintaining more stable pricing. The goal is to raise $ 340 million without shaking the investor confidence or creating sudden declines in the value of the shares.
Image: Nomadic Labs
The council contains an area to expand the increase
Based on shareholders ’decisions, Blockchain Group has green light to release up to 500 million euros ($ 570 million) at the nominal value. But this upper limit will not be exploited unless the painting gives the green light. Currently, the target stands 340 million dollars.
If Bitcoin remains about its current price –107,700 dollars– The company can buy about 3,170 BTC with a full increase. It would exceed three times her current possessions. It is a big step for the company that started this strategy only in November 2024.
Bitcoin price and momentum
Bitcoin increased by approximately 2.2 % last day and 3.5 % during the past week. After reaching its highest level at all, it reached $ 112,000 in May, the price was cooled a little but did not decrease away. BTC recently wore $ 104,100, which some market monitors saw a sign of power.
Others in the industry also climb their bitcoin bets. StrategyUnder the leadership of US President Donald Trump, Michael Celor, is looking forward to raising nearly one billion dollars – from a previous plan of $ 250 million. The company already owns 2.75 % of all in circulation, at a value of more than $ 61 billion.
Distinctive image from imagen, tradingView graph
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