European listed company The Blockchain Group plans to raise $7 million to advance its Bitcoin asset management strategy

According to ChainCatcher news, monitored by NLNico, the European listed company The Blockchain Group plans to raise approximately 7 million euros through two capital increase transactions to advance its Bitcoin asset management company strategy.

This includes issuing approximately 1.1 million euros worth of shares at about 3.95 euros per share under an "ATM type" agreement signed with TOBAM; and a targeted issuance of approximately 5 million euros fully subscribed by Adam Back, with an issue price of about 4.01 euros per share.