French Blockchain Firm Raises $7.7M to Grow Bitcoin Reserves

When French Blockchain Firms Get Richer Than Your Ex’s New Boyfriend 💸

Ah, the Blockchain Group, a name that rolls off the tongue like a fine Bordeaux, has just uncorked a delightful €7.2 million (or a staggering $7.7 million, if you prefer your numbers in dollars) through an “ATM-type” capital increase program, courtesy of the asset manager TOBAM. One can only imagine the clinking of glasses and the celebratory croissants as new shares were sold at a rather charming average price of €4.49 each. 🍾

This funding, dear reader, is not merely a whimsical dalliance with digital currency; it is a grand strategy to bolster the company’s Bitcoin (BTC) holdings, transforming it into a veritable treasury of Bitcoin riches. Picture it: a firm, once a mere fledgling, now strutting about like a peacock in a digital garden of wealth. 🦚

Such a move, one might say, is a reflection of the burgeoning interest among tech firms in clutching BTC like a prized possession, a strategic reserve asset for long-term value preservation. Because, let’s face it, who wouldn’t want to hoard a bit of that digital gold? After all, it’s not just a currency; it’s a lifestyle choice! 😏

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2025-06-17 09:54