Paris Blockchain Group Raises $340 Million to Fuel Bitcoin Expansion

A French blockchain company, Paris-based Blockchain Group, has secured a substantial $340 million funding round to expand its Bitcoin holdings. The group, currently holding $154 million in Bitcoin, aims to establish itself as Europe’s premier private Bitcoin treasury through this initiative. Leveraging an At-The-Market (ATM) model, the group will gradually increase its investment, starting with a 500,000 Euro sale and scaling up based on market demand.