The Blockchain Group Buys Another $20M in Bitcoin
French tech firm The Blockchain Group, Europe’s first-ever Bitcoin treasury company, has topped up its cryptocurrency holdings with the acquisition of 182 BTC for $19.6 million. The firm now controls a total of 1,653 BTC worth over $170 million at current prices following this latest buy.
The transaction, completed Tuesday, was financed with an issuance of a €18 million ($20.7 million) convertible bond. The funding round had brought the respective investors such as UTXO Management, Moonlight Capital, TOBAM, and Ludovic Chechin-Laurans.
Strategic Partnerships and Implementation
Banque Delubac & Cie and Swissquote Bank Europe SA executed the purchases of the bonds, whereas Taurus, a Swiss company, provided custody services. The Blockchain Group trades under ticker ALTBG on Euronext Growth Paris.
1,173% BTC Yield in 2025
Despite the strategic build-up of its Bitcoin reserves, The Blockchain Group’s stock fell by 3.9% on announcement day, according to Google Finance.
The firm reports a year-to-date Bitcoin return of 1,173.2%, utilizing BTC on hand to the firm’s fully diluted share total. It has bought 469 BTC since January and has booked $49.4 million in BTC profit. With a cost basis averaging $103,000 per BTC, the firm is now profitable as Bitcoin is trading over $104,000.
The company will purchase another 70 BTC, and that will raise the aggregate holdings to over 1,720 BTC.
€300M Raise to Purchase Additional BTC
The Blockchain Group recently made plans to raise €300 million ($342 million) in an “At the Market” (ATM) offering. The offering will be conducted in tranches at then-existing market prices with trading limits each day to manage dilution.
Institutional Bitcoin Adoption Increases
At least 26 publicly traded companies have added Bitcoin to their treasuries in the past month alone, BitcoinTreasuries.NET reports. Institutional take-up is increasing, but cautionary tales are being sounded.
Fakhul Miah of GoMining Institutional noted that smaller firms are adopting Bitcoin without proper risk structures. Standard Chartered warned that if BTC drops below $90,000, nearly half of such companies could be in serious strife due to liquidity challenges.
