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The Blockchain Group to Raise $8.3M to Expand Bitcoin Treasury

Avatar photo Sonny S. Watts 7 days ago

The Blockchain Group plans to raise €7.2 million ($8.3 million) by issuing about 1.6 million new shares at an average price of €4.49 ($5.19) each. The company stated that the proceeds will fund further Bitcoin acquisitions as part of its long-term Bitcoin Treasury strategy. The €7.2 million capital raise is part of a larger $342 […]

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Sonny S. Watts is a Bitcoin miner and energy researcher, Sonny delves into the sustainability of Bitcoin mining, its energy consumption, and innovations in renewable-powered mining solutions.