Europe’s Initial BTC Treasury Firm Secures $340M Following $68M Bitcoin Acquisition
The Distributed record Group, situated in Paris, revealed plans to accumulate $340 million on June 9, 2025. This follows their recent acquisition of BTC valued at $68 million. By June 2025, the corporation possesses 1471 BTC – a notable stake for a European firm – as it fortifies its BTC initiative within Europe.
Remarkably, the anticipated $340 million capital increase could lead to the addition of over 3100 Bitcoin to the firm’s treasury.
Similar to Michael Saylor and his approach, the Distributed database Group aims to establish itself as Europe’s premier dedicated Bitcoin treasury organization, having initiated its BTC purchasing strategy in November 2024.
The Blockchain Group from France is set to raise €300 Million for acquiring additional BTC
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Distributed database Group Launched Bitcoin Initiative In November 2024
“TBG is dedicated to enhancing BTC per fully diluted share over time,” the organization disclosed regarding its BTC initiative.
Moreover, the firm stated that the initiation of its BTC approach is “facilitating TBG’s recapitalization.”
The firm’s approach draws inspiration from at-the-market (ATM) programs, commonly utilized in the US for agile and continuous stock issuance.
In strategic alliance with asset manager TOBAM, Blockchain Group is set to permit daily subscriptions of its regular shares post-market closure.
“TOBAM is an asset management entity offering pioneering investment solutions and invests in the Company (on behalf of the funds it manages or clients under discretionary mandates),” stated the Distributed ledger Group’s press release. “This Program empowers TOBAM to subscribe to ordinary shares of the Company daily by presenting a subscription request after crypto market hours.”
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Key Takeaways
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The proactive action of Distributed ledger Group to secure $340 million for additional Bitcoin acquisitions underscores the increasing institutionalization of crypto asset in Europe.
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The news from Distributed ledger Group arrives as crypto adoption continues to steadily rise throughout Europe. A recent survey indicated that only 40% of European financial entities have ever held or currently hodl investments in any crypto asset, suggesting substantial potential for growth.
The article Europe’s First Bitcoin Treasury Company Raises $340M After $68M Bitcoin Buy first appeared on 99Bitcoins.
