The Blockchain Group, a French company listed on Euronext Growth (ALTBG), plans to raise up to €300 million to buy Bitcoin. The company announced the launch of a new share issuance program to fund the purchases.

The offering will use an "at-the-market" (ATM) structure. This means shares will be issued gradually, with the sale price based on the market price each day. French asset manager TOBAM is backing the program. It will act as the financial intermediary, buying shares directly on the market.

Company Seeks €500M Bitcoin Issuance

The Blockchain Group said all funds raised will be used to buy Bitcoin. The company wants to increase the amount of Bitcoin it holds per share. It believes this strategy will attract investors interested in Bitcoin exposure through a public company.

JUST IN: 🇫🇷 French company The Blockchain Group to raise €300 Million to buy more #Bitcoin pic.twitter.com/xyc0SYIgac

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

The company’s shareholders had approved a similar plan in February, allowing the company to issue shares worth up to €300 million. A vote scheduled for June 10 may extend the limit to €500 million.

You may find it interesting at FinanceMagnates.com: Metaplanet Hits 8,888 BTC, Overtakes Jack Dorsey’s Block.

Bitcoin Holds $100K Despite Musk-Trump Dispute

Simon Peters, crypto analyst at eToro, noted that Bitcoin recently remained just above the $100,000 mark amid ongoing market fluctuations. He highlighted that last week, Bitcoin’s price fell nearly 4% following an online dispute between Elon Musk and former President Trump, before recovering to around $100,400.

As news of a possible reconciliation between the two spread, Bitcoin rebounded to approximately $105,500. Peters said, “Bitcoin narrowly stayed above the $100,000 level as the online spat between Elon Musk and President Trump spilled over from traditional markets.”

Peters added that Friday’s stronger-than-expected U.S. non-farm payrolls report supported Bitcoin’s recent gains. Looking ahead, he said upcoming inflation data, including the consumer price index (CPI) and producer price index (PPI), could cause increased volatility in the market. “Inflation data in the form of CPI and PPI could provide some volatility,” he said.