The Blockchain Group and TOBAM launch 300 million Euro Bitcoin capital increase plan

The Blockchain Group, Europe's first bitcoin reserve company, has announced a "mark-to-market" capital increase agreement with asset manager TOBAM for a total of 300 million euros (including the issuance premium), according to official news.
The plan is designed to accelerate its Bitcoin Reserve Company strategy to gradually increase its holdings of Bitcoin per share on a fully diluted basis through a series of capital increases. TOBAM can apply for subscription shares on demand, and the issue price will be determined at the higher of the previous day's closing price or volume-weighted average price, and the daily issue volume will not exceed 21% of the day's trading volume. TOBAM is a strategic investor in The Blockchain Group.