The Blockchain Group teamed up with TOBAM to launch a € 300 million bitcoin capital increase plan "
According to online reports, according to official sources, The Blockchain Group, Europe's first bitcoin reserve company, announced that it has signed a "mark-to-market" capital increase agreement with asset management company TOBAM, totaling 300 million euros (including issue premium). This plan aims to accelerate its bitcoin reserve company strategy and gradually increase its bitcoin holdings per share on a fully diluted basis through phased capital increase. TOBAM can apply for shares on demand. The issue price will be determined based on the higher of the previous day's closing price or the volume-weighted average price, and the daily issue volume will not exceed 21% of the day's trading volume. TOBAM is a strategic investor in The Blockchain Group.
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