Blockchain Group has officially announced a 342 million USD capital raise in partnership with asset manager TOBAM to expand its Bitcoin reserves.
TOBAM plans to purchase shares at market price, with each purchase limited to 21% of the previous day’s trading volume, which could make it the largest shareholder.
This capital raise follows Blockchain Group’s recent acquisition of 624 Bitcoins for 68.6 million USD, reflecting a strategic shift towards Bitcoin amid rising inflation.
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