The Blockchain Group Approves €10B Capital Plan to Boost Bitcoin Strategy

The Blockchain Group, listed on Euronext Growth Paris under the ticker $ALTBG, secured overwhelming shareholder approval to raise its capital ceiling beyond €10 billion.

The Blockchain Group, listed on Euronext Growth Paris under the ticker $ALTBG, has obtained overwhelming shareholder approval to increase its capital ceiling to over €10 billion.

The aim of this capital expansion is to boost the group's Bitcoin Treasury Company strategy. The goal is to gradually raise the number of bitcoins per share on a fully diluted basis, aiming to enhance long-term shareholder value.

More than 111 million shares were eligible to vote at the company's Ordinary and Extraordinary General Meeting (OGM) on June 10, 2025. The resolutions passed with a majority exceeding 95%, highlighting strong investor confidence in the company's crypto-focused vision.

In addition to the financial approvals, shareholders confirmed Alexandre Laizet as a new member of the Board of Directors. He will also serve as Deputy CEO, directly overseeing the group's Bitcoin strategy.

Laizet's term will run until December 2030, aligning with the firm's long-term crypto roadmap. His appointment is part of a broader move to professionalize and scale the company's Bitcoin-related initiatives.

This news follows reports of a Bitcoin price prediction from a $800 billion asset manager and a Japanese firm buying 50 Bitcoins.

As part of the meeting's agenda, investors were requested to approve an increase in the company's maximum capital from €1 billion to €10 billion. This adjustment aims to provide the group with greater flexibility to expand its Bitcoin Treasury over the coming years.

Furthermore, shareholders were asked to authorize the company to issue new shares for a total amount of up to €5 billion, to be completed by 2030. The funds raised through these share issues will be used to finance the purchase of new bitcoins for the treasury.

The goal is to progressively raise the number of bitcoins per share on a fully diluted basis, ultimately aiming for a ratio of one bitcoin per share. This strategy is designed to enhance long-term shareholder value.

The resolutions passed with an average majority of 95.26%, showcasing strong support for the company's crypto-oriented vision.

During the meeting, investors also elected Alexandre Laizet as a new member of the Board of Directors. Commencing his term on July 1, 2025, Laizet will hold the position of Deputy CEO, directly overseeing the group's Bitcoin strategy.

Moreover, his term will run until December 2030, aligning with the firm's long-term crypto roadmap. This appointment follows the company's announcement in April to professionalize and scale its Bitcoin initiatives.

The company's CEO, Jean-Philippe Casadepax-Soulet, expressed gratitude to investors for their support in endorsing the new financial authorizations.

"We are grateful to our investors for their ongoing trust in The Blockchain Group's vision," stated Casadepax-Soulet.

"This vote will allow us to continue growing our Bitcoin Treasury footprint while scaling operational activities. We are committed to deepening our role as Europe's first listed Bitcoin Treasury Company and setting an example for corporate crypto adoption in the continent."

The Blockchain Group, a company specializing in blockchain and cryptocurrency, is listed on Euronext Growth Paris under the ticker $ALTBG. The company's shares are also admitted to trading on the Euronext Access segment in Belgium, Luxembourg, and Switzerland.

The company's core focus is on accumulating bitcoins within its treasury and distributing them to shareholders over time. This strategy aims to create long-term value for investors in a sustainable manner.

The company's goal is to achieve a one-to-one ratio of bitcoins to shares, taking into account both preferred and common shares.

The company's shares have experienced significant appreciation in recent months, reflecting investor interest in the company's unique crypto-focused business model.

Earlier this year, The Blockchain Group completed a capital increase of €150 million, further expanding its capacity to invest in bitcoins.

As of May 2023, the company's treasury held approximately 80,000 bitcoins, valued at over €7.2 billion.

The company's capital structure consists of preferred A shares and common B shares, both of which carry equal voting rights and economic value.

The preferred A shares are convertible into common B shares at a one-to-one ratio, and they are also entitled to a cumulative preferred dividend at an annual rate of 6%.

The company's shares are listed on Euronext Growth Paris under the ticker $ALTBG. The company's shares are also admitted to trading on the Euronext Access segment in Belgium, Luxembourg, and Switzerland.

At the last market close on Friday, the shares of The Blockchain Group were trading at €78.4.

To learn more about The Blockchain Group, please visit the company