French-listed firm The Blockchain Group has acquired 182 more Bitcoin for approximately €17 million, according to a press release issued on June 18.
This latest purchase brings the company’s total BTC holdings to 1,653 BTC, valued at roughly €148.9 million.
Convertible Bonds Fuel Bitcoin Expansion
The Bitcoin acquisition was funded through multiple convertible bond issuances:
- UTXO Management subscribed €3 million, enabling the purchase of 31 BTC.
- Moonlight Capital added €4.6 million, facilitating the acquisition of 48 BTC.
- Another tranche of €2.4 million, subscribed by Ludovic Chechin-Laurans, enabled the acquisition of 25 BTC.
- TOBAM contributed €6 million, supporting the purchase of 62 BTC.
- An equity conversion of 2.98 million shares also helped secure 16 BTC for €1.6 million.
These moves reflect growing investor appetite for BTC-backed corporate strategies and broader adoption of Bitcoin by publicly traded companies.
Impressive Returns and Yield
The Blockchain Group reported a year-to-date (YTD) BTC yield of 1,173.2% and a quarterly yield (QTD) of 57.2%. The firm’s BTC gains amount to:
- +469.3 BTC YTD
- +354.8 BTC QTD
- €43.8M YTD gain
- €33.1M QTD gain
The firm acquired its Bitcoin holdings at an average cost of €90,081 per BTC.
Momentum Builds Behind Corporate BTC Holdings
The announcement reinforces the growing trend of European corporates integrating Bitcoin into their treasury strategies. With this acquisition, The Blockchain Group positions itself among the leading BTC-holding public companies in Europe, rivaling similar moves by firms like MicroStrategy in the U.S.
As market volatility continues, corporate Bitcoin accumulation remains a strong signal of long-term institutional confidence in the asset.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/the-blockchain-group-adds-182-btc-to-reserves-now-holds-1653-btc/