$340M Bitcoin Whale Move Sparks Institutional FOMO in Europe

Blockchain Group's massive bet signals a tipping point for crypto adoption—while traditional finance scrambles to keep up.

The institutional dam is breaking

A single $340M Bitcoin position just shook European markets awake. The Blockchain Group's play isn't just big—it's a calculated power move that could legitimize crypto faster than any regulatory approval.

Wall Street's playing catch-up (again)

While legacy banks debate 'risk frameworks,' crypto-native firms are rewriting the rulebook with nine-figure bets. The irony? These same institutions will likely launch 'groundbreaking' Bitcoin ETFs... in 2026.

Shares Sold In Small Daily Batches

Instead of selling all the shares at once, Blockchain Group is going with a method called “At The Market” or ATM, commonly used in the US. In this setup, TOBAM can buy ordinary shares from Blockchain Group one day at a time. The share price will depend on the previous day’s close or the average trading price for that day—whichever is higher.

The Blockchain Group Launches a €300 Million “ATM-type” Capital Increases Program with TOBAM

Full Press Release (EN): https://t.co/DbXXbb6OT8

Full Press Release (FR): https://t.co/XbaTfaOqfn

BTC Strategy (EN): https://t.co/EiVKw8s4zB pic.twitter.com/dZQCIckgK8

— The Blockchain Group (@_ALTBG) June 9, 2025

There’s a cap, too. No more than 21% of that day’s trading volume can be sold to TOBAM. This helps avoid flooding the market and keeps pricing more stable. The goal is to raise $340 million without shaking investor confidence or creating sudden dips in share value.

Board Has Room To Expand The Raise

Based on shareholder decisions, Blockchain Group has the green light to issue up to €500 million ($570 million) in nominal value. But that upper limit will only be tapped if the board gives the go-ahead. For now, the $340 million target stands.

If bitcoin stays around its current price—$107,700—the company could buy about 3,170 BTC with the full raise. That would more than triple its current holdings. It’s a big move for a company that only started this strategy back in November 2024.

Bitcoin has climbed roughly 2.2% in the past day and 3.5% over the past week. After hitting an all-time high of $112,000 in May, the price cooled off slightly but hasn’t dropped far. BTC recently bounced from $104,100, which some market watchers saw as a sign of strength.

Others in the industry are also stepping up their Bitcoin bets. Strategy, led by US President Donald TRUMP supporter Michael Saylor, is looking to raise nearly $1 billion—way up from an earlier plan of $250 million. The company already holds 2.75% of all Bitcoin in circulation, worth more than $61 billion.

Featured image from Imagen, chart from TradingView