Not bad, right? It’s French. French Society The Blockchain Group announced its intention to raise $ 340 million to Finance the purchase of even more BTC. This decision comes while more and more companies consider Bitcoin as a reserve of strategic value, like Strategy in the United States or Metaplanet in Japan.
- The Blockchain Group announced a fundraising of $ 340 million for the purchase of Bitcoin, thus consolidating its position as European leader.
- This strategy reflects a global trend in which companies consider Bitcoin as a reserve of strategic value in the face of inflation.
The Blockchain Group wants to raise $ 340 million to buy BTC
The Blockchain Groupspecialized in blockchain and cryptocurrencies, provides therefore to lift $ 340 million via a type offer » At The Market »(ATM), a method commonly used in the United States to sell stock markets on the market. Funds will be used to buy more bitcoinsthus reinforcing the position of the company as a European leader in BTC cash.
This fundraising follows the recent acquisition of $ 68 million Bitcoin by The Blockchain Groupcarrying his total assets to 1,471 BTCor about $ 154 million. The company therefore continues to accumulate it, following a trend observed in other institutional actors around the world.
Companies continue to accumulate bitcoin
The strategy of this company reflects a broader trend among the companies that see in the BTC a inflation protection and a alternative to cash reserves traditional. Strategy, for example, recently announced its intention to raise $ 1 billion To buy even more Bitcoinconsolidating its position as the largest Bitcoin holder among companies.
Despite a period of consolidation of Bitcoin prices, institutional adoption continues to grow. The editor -in -chief of Nexo Dispatch, Stella Zlatareva, a declared that these strategic movements » anchor the long -term bullish story ». Indeed, despite short -term fluctuations, companies seem confident in the long -term Bitcoin potential.
While theS Etf Bitcoin Spot have experienced net outings, the interest of companies to Bitcoin does not weaken. The Blockchain Group, with its fundraising of $ 340 million, is part of this dynamic of accumulation of Bitcoin by institutions.
Bitcoin continues to attract companies that seek to diversify their cash reserves. With actors like The Blockchain Group, Strategy or Metaplanet in mind, institutional adoption seems to be part to continue to grow. While the cryptocurrency market remains volatile, these strategic movements show lasting confidence in Bitcoin potential as a reserve of value.