French Blockchain Firm Raises $7.7M to Grow Bitcoin Reserves

The Blockchain Group, a French blockchain company, has raised about €7.2 million ($7.7 million) through an “ATM-type” capital increase program with asset manager TOBAM. The new shares were sold at an average price of €4.49 each. This funding will support the company’s plan to grow its BTC holdings and become a full-fledged Bitcoin treasury firm. The move reflects growing interest among tech firms in holding BTC as a strategic reserve asset for long-term value preservation.