The Blockchain Group has approved to launch 11 billion euro financing plan to accelerate Bitcoin purchase strategy

PANews reported on June 11 that according to Cryptoslate, European listed company The Blockchain Group was approved by shareholders on June 10 to launch a 11 billion euro financing plan to accelerate the Bitcoin purchase strategy. The resolution passed with a support rate of more than 95%, which will allow companies to increase their holdings in Bitcoin through flexible financing tools such as issuing stocks and bonds. New Deputy CEO Alexandre Laizet will dominate the Bitcoin strategy, with his board of directors until 2030. The company's CEO said that this move will promote the coordinated development of Bitcoin reserve strategy and existing main businesses such as data intelligence and AI consulting.

It is reported that the company currently holds 1,471 bitcoins (approximately US$160 million) and announced in early June that it had established a 300 million euro ATM (issued at market price) financing mechanism with TOBAM Asset Management.

Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it liable for any losses caused by the use or trust in article information.