Golden Finance reports that the European cryptocurrency sector has once again stirred up waves. The Blockchain Group, the first Bitcoin reserve company in Europe, recently announced that it has reached a major cooperation agreement with the asset management company TOBAM and officially launched a “market value” capital increase plan totaling 300 million euros (including issuance premium). This news quickly drew widespread attention within the industry and was regarded as another significant milestone in the integrated development of cryptocurrencies and traditional asset management.
Since its establishment, The Blockchain Group has been committed to promoting the wide application and value storage of Bitcoin in the European market. Its “Bitcoin Reserve Company” strategy is unique in the industry. This capital increase plan in cooperation with TOBAM aims to further accelerate the implementation of this strategy. Through The method of batch capital increase, The Blockchain Group expects to gradually increase the holdings of Bitcoin per share on a fully diluted basis, thereby enhancing the company’s market position and influence in the field of Bitcoin reserves.
TOBAM, as a company with a good reputation in the field of asset management, plays a key role in this cooperation. According to The agreement, TOBAM can flexibly apply to subscribe for the shares of The Blockchain Group based on its own needs. The issue price will be determined based on the higher of the previous day’s closing price or the volume-weighted average price. This pricing mechanism not only ensures the rationality of the trading price but also takes into account the real-time fluctuations of the market. Meanwhile, to ensure the stability and fairness of the market, the daily issuance volume is strictly limited to within 21% of the daily trading volume. TOBAM has long been a strategic investor of The Blockchain Group. The two sides have established a deep foundation of trust in their past cooperation. This large-scale capital increase plan is a powerful proof of their joint efforts and market expansion.
Looking back on The development process of The Blockchain Group, it has been constantly making efforts in the Bitcoin reserve strategy. As early as November 2024, the company launched the “Bitcoin Reserve Company” strategy, gradually accumulating Bitcoin assets through a series of capital operations and Bitcoin acquisition actions. In March this year, the company announced an additional 580 bitcoins to its balance sheet, which was its largest purchase to date. On June 3rd, the company once again announced the completion of two rounds of Bitcoin purchases, spending approximately 60.2 million euros (about 460 million yuan) in total to buy 624 Bitcoins, increasing the company’s total holdings to 1,471. These measures not only demonstrate the company’s firm confidence in the long-term value of Bitcoin, but also enable it to occupy an important position in the European Bitcoin reserve market.
In the current cryptocurrency market environment, the price of Bitcoin fluctuates sharply and market uncertainty has increased. However, this cooperation between The Blockchain Group and TOBAM undoubtedly injects a strong heartening shot into the market. On The one hand, for The Blockchain Group, the 300 million euro capital increase will provide it with sufficient funds to further expand the scale of Bitcoin reserves, optimize asset allocation, and enhance the company’s competitiveness in the industry. On The other hand, as a professional asset management company, TOBAM’s in-depth participation will bring rich asset management experience and market resources to The Blockchain Group, helping the company move forward steadily in the complex and changeable market environment.
This cooperation is also of great significance to the entire cryptocurrency market. It further proves that the trend of integration between traditional financial institutions and the cryptocurrency field is accelerating. More and more asset management companies have begun to recognize the investment value of cryptocurrencies such as Bitcoin and are actively laying out related fields. This not only helps enhance the liquidity of funds and market activity in the cryptocurrency market, but also promotes the development of the cryptocurrency market in a more standardized and professional direction. With The in-depth advancement of The cooperation between the two sides, what achievements will The Blockchain Group make in terms of Bitcoin reserve scale, market share and business innovation in the future, and how will TOBAM’s professional asset management experience assist The Blockchain Group in achieving its strategic goals? All of them deserve continuous attention from the market.
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