The Blockchain Group and TOBAM Launch 300 Million Euro Capital Raise Plan to Accelerate Bitcoin Reserves

PANews reported on June 9 that according to official news, European listed company The Blockchain Group announced that it has signed a "market-price" capital increase agreement with asset management company TOBAM, with a total amount of 300 million euros (including issuance premium). The plan aims to accelerate its Bitcoin Reserve Company strategy and gradually increase the number of Bitcoins per share held on a fully diluted basis through batch capital increases. TOBAM can apply to subscribe for shares on demand, and the issue price will be determined by the higher of the previous day's closing price or the volume-weighted average price, and the daily issuance volume will not exceed 21% of the day's trading volume. TOBAM is a strategic investor of The Blockchain Group.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
2 hour ago
2 hour ago
5 hour ago
6 hour ago
7 hour ago
7 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读