The Blockchain Group Plans to Raise Approximately $7.00 Million to Advance Bitcoin Asset Management Strategy

According to NLNico monitoring, European listed company The Blockchain Group plans to raise approximately $7.00 million through two capital increase transactions to advance its Bitcoin asset management company strategy. This includes issuing approximately €1.10 million in shares at approximately €3.95 per share under an "ATM-style" agreement signed with TOBAM; and a directed placement of approximately €5.00 million fully subscribed by Adam Back, with an issue price of approximately €4.01 per share. [Odaily Planet Daily News]