Europe’s first cryptocurrency management company, The Blockchain Group, has announced that it plans to spend $8,3 million to buy bitcoin. It will raise the money for the investment by issuing about 1,6 million common shares at an average subscription price of about $5,19 each.
The capital raise plan comes after The Blockchain Group announced last week a $342,5 million raise through French asset manager and shareholder TOMAB.
Last Friday, the company also announced a nearly $11,2 million equity and convertible bond offering to further pursue its management strategies. Bitcoin-fund.
The Blockchain Group currently owns 1471 bitcoins, according to Bitcointreasuries.net.
The Blockchain Group has joined the list of companies that hold bitcoin. The rating is topped by Strategy, run by Michael Saylor, which holds 592,100 BTC. On Monday, the company announced the purchase of an additional 10,100 BTC.
Currently, about 26 public companies around the world hold more than 1000 BTC in their reserves, and seven companies hold 10,000 BTC or more. Five organizations have added to their crypto assets in the past week.
