Blockchain Group Raises €6M to Grow BTC Treasury With Top Backers

The Blockchain Group (ALTBG), a France-based tech and crypto firm, has raised €6 million in fresh capital. The company plans to expand its Bitcoin Treasury strategy with backing from notable investors like Adam Back and TOBAM.

Announced on July 15, the dual-capital increase includes two separate tranches. One comes via TOBAM through an “ATM-type” agreement. The other is a reserved share sale to Adam Back, a Bitcoin pioneer and CEO of Blockstream.

Inside the €6M Raise: Who’s Backing the Bet

TOBAM, a digital asset management firm, subscribed to 282,201 new shares at €3.95 each, totaling about €1.1 million. Simultaneously, Adam Back invested nearly €5 million for 1,248,439 shares priced at €4.005.

The Blockchain Group aims to increase its Bitcoin per share ratio over time. According to the release, this strategy reflects the company’s long-term conviction in Bitcoin as a balance sheet asset. The latest funding round may allow the company to acquire around 50 more BTC, boosting its total to 1,983 BTC.

Euronext Listing and Shareholder Structure

Listed on Euronext Growth Paris, the firm specializes in AI, decentralized tech, and data intelligence. Its public listing provides investors with transparency and access to a regulated crypto-native firm. Post-raise, Adam Back owns over 17 million shares, representing about 12.56% of the diluted capital. 

TOBAM holds about 4.87%, while executives, institutions, and free-float shares account for the rest. The share issuance did not require approval from the AMF, France’s financial regulator, due to exemptions available under the current regulatory framework.

What This Means for Bitcoin Strategy

The Blockchain Group now strengthens its identity as Europe’s first Bitcoin Treasury Company. It joins a small group of publicly traded firms using BTC as a reserve asset. It’s a list that includes giants like MicroStrategy and Hut 8.

Their mission is clear: increase Bitcoin exposure per share over time. This makes the stock an indirect BTC investment play for EU-based investors. The company has taken advantage of France’s pro-crypto stance and progressive disclosure laws. With MiCA regulations advancing, such hybrid financial models could become more common in Europe.

Big Backers, Bigger Vision

Adam Back’s involvement adds credibility. Known for contributing to Bitcoin’s early development and co-founding Blockstream, Back has always championed BTC as a monetary reserve. TOBAM’s participation, spread across multiple funds, signals institutional appetite for Bitcoin exposure without direct token custody.

With more capital on hand and strong investor trust, Blockchain Group plans to keep pushing forward. The goal isn’t just holding BTC but building an ecosystem that integrates AI, blockchain services, and digital consulting, anchored by sound treasury practices.

As institutional interest grows and market sentiment shifts toward long-term digital asset adoption, Blockchain Group positions itself as a unique hybrid player. In a world inching closer to crypto-financial convergence, their bold BTC-first strategy is both a statement and a signal.