The Blockchain Group Invests $340 Million in Bitcoin Treasury Expansion

French crypto firm The Blockchain Group has taken a strategic move to expand its Bitcoin holdings, announcing plans to raise over $340 million through an innovative capital-raising method. This method, inspired by the “At-the-Market” (ATM) offerings common in the U.S., allows shares to be sold based on market demand with pricing determined by the higher of the previous day’s closing price or the volume-weighted average price, subject to a cap of 21% of daily trading volume. This capital will be raised in tranches, granting flexibility and scalability for strategic Bitcoin purchases.