The company outlined a flexible playbook for growth: the newly granted authorizations allow the Board to issue shares or equity-linked securities—either maintaining or waiving existing shareholders’ preferential subscription rights—via public placements or targeted allocations to select partners. This financial toolkit arms the firm with firepower for quick, opportunistic action, whether the market calls for broad-based offerings or focused strategic deals.
Central to the new strategy is a clear goal: increase the number of bitcoins held per share over the long haul. “I want to thank our shareholders for the trust they’ve shown us,” said CEO Jean-Philippe Casadepax-Soulé after the vote. “These new mandates will help us accelerate our ambitions and create sustainable value as we expand our bitcoin reserves.”
As part of the shakeup, Alexandre Laizé has joined the board and steps in as Deputy CEO, tasked specifically with driving the company’s Bitcoin play through at least 2030. Insiders see this as a sign that The Blockchain Group is intent on cementing its status as a digital asset pioneer in the European corporate arena.
The decision comes hot on the heels of last month’s announcement that The Blockchain Group is targeting a separate $340 million round to further bolster its bitcoin balance sheet—a clear signal to the market that the company is doubling down on crypto, regardless of short-term volatility.