Blockchain Group, traded on the Paris Stock Exchange, has intensified its strategy for accumulating Bitcoin, announcing a significant acquisition of 624 BTC valued at $68.6 million. This strategic move positions the company to become one of the prominent institutional stakeholders in the cryptocurrency market.
This latest addition brings the group’s total Bitcoin holdings to 1,437 BTC, which are currently valued at approximately $150.37 million.
The bulk of the funding for this latest Bitcoin purchase, which accounted for 544 BTC, was facilitated through a $63 million convertible bond issued to Fulgur Ventures. Additionally, the company sourced another 80 BTC using proceeds from a $9.8 million capital raise completed in late May.
The Blockchain Group confirms the acquisition of 624 BTC for ~€60.2 million, the holding of a total of 1,471 BTC, and a BTC Yield of 1,097.6% YTD
Full Press Release (EN): https://t.co/iZUEbRaDTZ
Full Press Release (FR): https://t.co/IgTddli8Hu
BTC Strategy (EN):… pic.twitter.com/0bQ9zaSRN3
— The Blockchain Group (@_ALTBG) June 3, 2025
The BTC acquisition was executed via Banque Delubac & Cie and Swissquote Bank Europe, both of which collaborated with the Swiss firm Taurus for secure custody management.
Blockchain Group’s Bitcoin Strategy Accelerates After Initial Small-Scale Entries
This announcement follows the company’s recent plans to enhance its cryptocurrency treasury. In the weeks leading up to this acquisition, Blockchain Group made several notable purchases, including 227 BTC on May 22 and 580 BTC on March 26, following smaller investments made in November and December 2024.
Initially, the firm’s investment in Bitcoin began on a modest scale, with a purchase of 15 BTC for $1.08 million in November 2024. The subsequent acquisition of 25 BTC the following month continued this trend. With each successive investment, the company’s average cost basis has risen, illustrating a methodical approach aligned with its broader treasury strategy. The recent purchase of 624 BTC represents the company’s largest acquisition in a single day to date.
According to the firm, the value of its Bitcoin reserves has surged significantly since their procurement, with an unrealized gain of $47.88 million reported as of May 31.
Treasury Strategy Tied to Increasing Bitcoin Holdings Per Share
This proactive treasury strategy is complemented by a larger financial framework. Earlier this year, Blockchain Group successfully completed a $9.8 million capital raise, bolstering liquidity and operational capabilities. These combined initiatives bolster the firm’s commitment to Bitcoin as a foundational asset in its treasury.
Moreover, the company has articulated a long-term objective to enhance Bitcoin holdings per share through deliberate capital raises and strategic cryptocurrency acquisitions.
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