The Blockchain Group, hailed as Europe’s first Bitcoin Treasury Company listed on Euronext Growth Paris, has received overwhelming shareholder approval to issue more than €10 billion in shares and financial instruments.
This authorisation gives the company the flexibility to launch new offerings with or without preferential subscription rights, either through public markets or private placements aimed at select investors.
These financial powers are designed to advance the company’s strategic goal of increasing its Bitcoin holdings per share on a fully diluted basis, further cementing its identity and long-term vision as a Bitcoin Treasury Company.
In line with this broader capital strategy, the company has also strengthened its leadership team. Alexandre Laizet has been appointed to the Board of Directors and named Deputy CEO, with direct oversight of The Blockchain Group’s Bitcoin-focused initiatives.
This governance shift comes shortly after the firm completed a successful €63.3 million convertible bond issuance through its Luxembourg-based subsidiary. The proceeds are earmarked for the purchase of approximately 590 BTC. According to data from Bitcoin Treasuries, The Blockchain Group currently holds 1,471 BTC on its balance sheet valued at $161.11 million based on current prices. With an eye on the future, the company aims to accumulate 1% of Bitcoin’s total supply, around 170,000 BTC, by 2032.
This move aligns The Blockchain Group with a growing number of European companies strategically increasing their Bitcoin exposure through structured financing mechanisms. Notably, Swedish health tech firm H100 Group recently raised $2.2 million via convertible loans to expand its own BTC reserves.
At the same time, larger players in the crypto acquisition space continue to accelerate their buying pace. Earlier this month, U.S.-based Strategy added 1,045 BTC worth about $110 million, pushing its total holdings to 582,000 BTC. Meanwhile, Japan’s Metaplanet boosted its stash with an additional 1,088 BTC, bringing its total holdings to nearly 9,000. According to a June 2 regulatory filing, Metaplanet spent approximately $117.7 million on the purchase, with an average price of $108,209 per Bitcoin.
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