- Adam Back and TOBAM invest €6M to boost Blockchain Group’s Bitcoin treasury holdings.
- Blockchain Group plans to raise BTC reserves to 1,983 BTC after dual-tranche funding.
- Share issuance bypassed AMF approval, enabling faster Bitcoin acquisition strategy.
The Blockchain Group (ALTBG), a Paris-listed firm focused on AI and decentralized technologies, has raised €6 million in new funding to support its Bitcoin treasury strategy. The capital donation comes from two institutional players, Blockstream CEO Adam Back and French asset manager TOBAM. The firm plans to use the funds to acquire approximately 50 additional BTC, bringing its total holdings to an estimated 1,983 BTC.
The transaction, announced on July 15, shows a continued push by the company to align its corporate treasury with Bitcoin. The strategy aims to increase Bitcoin exposure per share and position the firm as a European reference point for crypto balance sheet integration.
The €6 million raise was completed in two tranches. Adam Back subscribed to 1,248,439 newly issued shares at €4.005 each, amounting to nearly €5 million. This investment gives him ownership of more than 17 million shares, or approximately 12.56% of the company’s diluted capital.
TOBAM, a French digital asset and quantitative investment firm, contributed the remaining €1.1 million by subscribing to 282,201 shares at a price of €3.95 per share. The firm now holds about 4.87% of the company’s diluted share capital.
The issuance of shares did not require pre-approval from the French financial regulator, the Autorité des marchés financiers (AMF), due to exemptions available under current capital market regulations. This allowed The Blockchain Group to complete the raise on an accelerated timeline and direct the funds into Bitcoin acquisitions without delay.
Bitcoin Treasury Strategy Gains Momentum
The Blockchain Group has made clear its intention to become Europe’s first listed Bitcoin Treasury Company. With this capital raise, the firm reaffirms its long-term plan to grow its BTC-to-share ratio, treating Bitcoin as a strategic reserve asset. The approach mirrors similar moves by U.S.-based firms like MicroStrategy and Hut 8, which hold large amounts of Bitcoin on their balance sheets.
According to company disclosures, the newly acquired funds will be used to purchase approximately 50 BTC. This would increase the group’s total Bitcoin reserves to 1,983 BTC, signaling an ongoing institutional commitment to crypto treasury management in Europe.
Public Listing and Shareholder Structure
The Blockchain Group is listed on Euronext Growth Paris, which offers small—to mid-cap firms access to public capital within a regulated framework. The firm operates in decentralized technologies, artificial intelligence, and data intelligence.
After the capital increase, the company’s ownership structure consists of a combination of institutional investors, executive stakeholders, and general investors. It’s a controlled listing that enables investors to access an indirect entry into Bitcoin via equity, which is regulated by the emerging crypto regime in France.
