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

According to Cryptoslate, European listed company The Blockchain Group received shareholder approval on June 10th to launch an 11 billion euro financing plan to accelerate its Bitcoin purchase strategy. The resolution was passed with over 95% support and will allow the company to increase its holdings of Bitcoin through flexible financing tools such as issuing stocks and bonds. The newly appointed Vice CEO Alexandre Laizet will lead the Bitcoin strategy, with his board of directors serving until 2030. The CEO of the company stated that this move will promote the coordinated development of the Bitcoin reserve strategy with existing main businesses such as data intelligence and AI consulting. It is reported that the company currently holds 1471 bitcoins (approximately $160 million) and announced in early June the establishment of a € 300 million ATM (at market price) financing mechanism with TOBAM Asset Management.