Key Takeaways:
Blockchain Group is set to invest $72 million in Bitcoin following a successful bond sale that raised €63.3 million, led by Fulgur Ventures.
The company aspires to secure 1% of Bitcoin’s overall supply by 2032 as part of its comprehensive treasury strategy.
Several companies, including Blackstone and DigiAsia, are increasingly turning to Bitcoin as a reserve asset amidst a surge in institutional interest.
French cryptocurrency holding company Blockchain Group has revealed plans to acquire an additional $72 million worth of Bitcoin in the wake of a €63.3 million bond offering, signaling a bold expansion of its treasury strategy.
Operating under the Euronext Paris ticker ALTBG, the firm aims to purchase 590 BTC with the raised funds, which would elevate its total Bitcoin holdings to 1,437 BTC.
At current market prices, estimated near $109,000 per Bitcoin, the capital raised could technically allow for the acquisition of about 658 BTC. However, Blockchain Group noted that 95% of the funds would be directed toward Bitcoin purchases, with the remainder reserved for operational expenses and managerial fees.
The Blockchain Group announces a convertible bond issuance of ~€63.3M to pursue its Bitcoin Treasury Company strategy, bringing its total potential holdings to ~1,437 BTC after completion
Full Press Release (EN): https://t.co/Vw2mGH84Dt
Full Press Release (FR):… pic.twitter.com/xDky2hrU4s
— The Blockchain Group (@_ALTBG) May 26, 2025
Fulgur Ventures Leads €55.3M Investment in Blockchain Group Bond Sale
The investment was spearheaded by venture capital firm Fulgur Ventures, which contributed €55.3 million, while Moonlight Capital added €5 million to the fund.
The bonds will be convertible into shares of Blockchain Group at a price of €3.809 per share.
Despite a nearly 5.5% decline on May 26, closing at €2.77, ALTBG’s stock still boasts an impressive 766% increase year-to-date, following significant Bitcoin purchases in November 2023 that caused the stock price to soar by 225%.
A recent financial report from Blockchain Group revealed a remarkable 709% yield from its Bitcoin investments, even though total annual revenue dipped by 32% to €13.86 million.
The firm has set an ambitious target to acquire 1% of Bitcoin’s total supply, which is roughly equivalent to 170,000 BTC, by the year 2032.
This strategic announcement aligns with a growing trend among public companies adopting Bitcoin as a treasury asset. On May 22, Sweden’s H100 Group AB joined this movement, followed closely by Strive Asset Management earlier this month.
The rising institutional interest and decreasing Bitcoin supply emphasizes Blockchain Group’s aggressive approach as it seeks to capitalize on the leading digital asset.
Blackstone Makes First Crypto Move
On May 20, Blackstone, recognized as the largest alternative asset manager globally, made its inaugural foray into the cryptocurrency market by purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin exchange-traded fund.
According to a filing with the U.S. Securities and Exchange Commission, Blackstone acquired 23,094 shares of IBIT as of March 31, valued at approximately $1.08 million.
Meanwhile, shares of Indonesian fintech firm DigiAsia Corp surged over 91% on May 19, following the company’s announcement to raise $100 million to initiate Bitcoin purchases as part of a revamped treasury strategy.
The Jakarta-based firm disclosed that its board has sanctioned the establishment of a Bitcoin treasury reserve, indicating a significant strategic shift in managing its capital in response to the burgeoning corporate interest in digital assets.
Public companies are persistently increasing their Bitcoin holdings, with firms like Strategy, led by Michael Saylor, at the forefront. The Virginia-based company recently announced plans to double its capital-raising efforts to $84 billion to acquire more Bitcoin.
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