The Blockchain Group plans to raise around $7 million to purchase Bitcoin

Foresight News reported that according to NLNico monitoring, the European listed company The Blockchain Group will increase its capital at a price of approximately 3.95 euros per share based on the "ATM type" capital increase agreement signed with TOBAM, with a total amount of approximately 1.1 million euros. In addition, the board of directors decided on July 14th to conduct a capital increase of approximately 5 million euros at a price of approximately 4.01 euros per share, fully subscribed by Adam Back. The funds raised will be used to continue advancing its Bitcoin asset management company strategy.