The Blockchain Group secured a €10 billion authorization to expand its Bitcoin holdings. This approval allows the company to issue various financial instruments and raise capital through public or private markets, enabling rapid expansion in response to market shifts. The move signals a significant step towards becoming Europe’s first Bitcoin treasury company. 624 BTC were recently added to their balance sheet, boosting total holdings to 1,471 BTC valued at approximately $160 million. The company has also appointed Alexandre Laizet as Deputy Chief Executive Officer, tasked with executing the firm’s detailed Bitcoin strategy. Laizet’s tenure will run through 2030. The approval coincides with a €300 million ATM issuance program granted to The Blockchain Group on June 9th, allowing them to issue new shares at market prices if fully utilized by TOBAM. This initiative provides the company greater flexibility and speed in raising capital while supporting the firm’s growth strategy.