Blockchain Group Snaps Up 75 BTC, Total Holdings Hit 1,728
Europe’s first Bitcoin treasury firm buys 75 BTC for €6.9M, boosting its holding to 1,728 BTC with YTD yield surpassing 1,200%.
- The Blockchain Group acquires 75 BTC for ~€6.9M.
- Total holdings now 1,728 BTC, valued at ~€155.8M.
- Impressive YTD yield of 1,231.7% on BTC holdings.
Strategic Bitcoin Accumulation
The Blockchain Group, recognized as Europe’s first Bitcoin treasury company, has taken another major step in its digital asset strategy. The Paris-listed firm recently purchased 75 BTC for around €6.9 million, bringing its total holdings to an impressive 1,728 BTC. This move further solidifies its position as a leading public holder of bitcoin in Europe.
This purchase is part of an ongoing strategy to increase its bitcoin reserves per share, a core element of the company’s treasury model. With bitcoin’s steady climb, such aggressive accumulation shows strong confidence in the asset’s long-term value.
A Massive Year-To-Date Yield
Notably, the Blockchain Group’s bitcoin holdings have yielded significant returns. The company reports a year-to-date (YTD) gain of 1,231.7%, equivalent to approximately 492.7 BTC or about €45.2 million. Just in the last quarter alone, it gained over 399 BTC, showcasing the strong performance of its treasury model and the bullish trend in the crypto market.
Such returns demonstrate the potential of bitcoin as a strategic treasury asset, especially in an era where traditional finance faces inflation and currency devaluation.
Funded Growth and Future Outlook
The 75 BTC acquisition was funded through a €7.2 million capital raise, backed by institutional investors. The funds were allocated via the company’s Luxembourg-based subsidiary, continuing a series of purchases that have significantly expanded its bitcoin position.
Earlier this month, the Blockchain Group also acquired 182 BTC, pushing its holdings close to today’s total. The company’s capital structure includes convertible bonds, which when exercised could boost the total BTC even further.
The Blockchain Group’s strategy exemplifies a modern approach to corporate finance—using bitcoin not only as a reserve asset but also as a growth mechanism. It sets a precedent for other European firms considering crypto treasury strategies.
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