The Blockchain Group Secures $340 Million for Bitcoin Treasury

Paris-based cryptocurrency firm The Blockchain Group has secured over $340 million in funding to build its Bitcoin treasury. This move reflects the growing interest of institutional investors in cryptocurrencies within Europe. The group’s announcement, made via a June 9 press release, details plans to raise €300 million (roughly $342 million) to purchase additional Bitcoin. Inspired by US ‘At-the-Market’ offerings, the funding will be dispersed in tranches with pricing based on market conditions set by the company’s counterparty. This structure allows for flexibility and minimizes financial risk.