The Blockchain Group has confirmed the acquisition of 116 BTC for approximately €10.7 million, reinforcing its position as a leading corporate Bitcoin holder. The company, listed on Euronext Growth Paris, now holds a total of 1,904 BTC, valued at around €172.0 million, with an average purchase price of €90,332 per Bitcoin.
The acquisition includes 11 BTC purchased through a capital increase with TOBAM at €5.251 per share, totaling about €1 million. Additionally, 105 BTC were secured through a convertible bond issuance subscribed by TOBAM and Adam Back at €5.174 per share, enabling the company to raise €10 million. This funding allowed the purchase of 52 BTC for €4.8 million and 53 BTC for €4.9 million respectively.
According to a tweet from Alexandre Laizet, The Blockchain Group acquired the BTC at an average price of approximately €92,175. This acquisition forms part of the firm’s broader strategy to expand its Bitcoin reserves while maintaining operational development across subsidiaries.
Company Strengthens Bitcoin Strategy Amid High Yield and Gains
The Blockchain Group has posted a BTC Yield of 1,348.8% year-to-date and 5.7% quarter-to-date. This performance has resulted in a BTC Gain of 539.5 BTC YTD, while the quarter-to-date figure shows a decline of 101.8 BTC. In euro terms, the company recorded a BTC € Gain of €49.7 million since the beginning of the year, with a quarterly drop of approximately €9.4 million.
Based in Puteaux, the company operates as Europe’s first Bitcoin Treasury Company and is focused on data intelligence, artificial intelligence, and decentralized tech solutions. It continues to integrate Bitcoin accumulation with business development to enhance long-term value for shareholders.
According to the official release from @_ALTBG, this latest move aligns with the group’s vision to use Bitcoin as a strategic reserve asset while driving innovation across its platforms. The Group’s Luxembourg subsidiary remains central to its capital and treasury activities.
Conclusion
With its latest acquisition, The Blockchain Group solidifies its role as a major institutional player in the Bitcoin market. The company’s increasing exposure to digital assets highlights its long-term confidence in Bitcoin’s role in financial strategy and corporate growth.
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