Bitcoin News: Blockchain Group Buys 182 BTC, Holdings Top $170M

France-based firm The Blockchain Group announced on June 18, 2025, that it spent roughly $19.6 million to buy 182 Bitcoin (BTC).

The move lifts the firm’s total crypto reserves to 1,653 BTC, about $170 million at current prices as per recent Bitcoin news update.

According to the company, a series of recent bond and share issuances funded the purchase. Besides, it comes alongside a disclosure that the firm’s Bitcoin “yield” has surged to roughly 1,173% year-to-date.

Shares of ALTBG (its Euronext Paris ticker) slipped on the news, trading about 1% lower on June 18 after the announcement.

Convertible Bonds Fund Latest Purchase

Multiple convertible bond issues backed the Bitcoin buy, the firm said in a press release. The Bitcoin acquisition received finance through a series of convertible bond issues, according to the company’s press release.

Several institutional and private investors participated in the funding round. UTXO Management, a crypto-focused investment firm, subscribed for approximately $3.45 million, which was used to purchase around 31 BTC.

Moonlight Capital contributed about $5.29 million, enabling the acquisition of approximately 48 BTC. French investor Ludovic Chechin-Laurans invested $2.76 million, backing the purchase of roughly 25 BTC.

Asset management firm TOBAM subscribed approximately $6.9 million, corresponding to the acquisition of about 62 BTC.

In addition to these bond subscriptions, The Blockchain Group raised around $1.84 million through the conversion of 2.98 million share warrants, which supported the purchase of approximately 16 BTC.

These rounds added up to the 182 BTC purchase. The company said the issuances were finalized on June 18, completing convertible bond deals it had announced in May and early June.

The Blockchain Group – which bills itself as “Europe’s first Bitcoin Treasury company” – has been actively raising funds to boost its Bitcoin holdings.

Bitcoin News: The Blockchain Group’s Record-Breaking Bitcoin Yield

The new disclosure highlights extraordinary gains on the crypto position. The firm reports a Bitcoin yield of ~1,173.2% for the year. (Per definition, this is the ratio of BTC held to fully diluted shares.)

Since January, the company added 469.3 BTC to its treasury. In the latest quarter alone, it netted 354.8 BTC on its balance sheet. The average price paid for its entire 1,653 BTC hoard is roughly $103,593 per coin.

For perspective, Bloomberg data show The Blockchain Group’s yield far outpaces peers. For example, MicroStrategy (NASDAQ: MSTR), the largest public Bitcoin holder, has reported only a ~19.1% BTC yield YTD.

Even fellow crypto companies Metaplanet and Semler Scientific posted far lower yields (266% and 26.7%, respectively). The Blockchain Group credits its rapid accumulation of coins for the head start.

As stated, all Bitcoin purchases were routed through Swissquote Bank Europe and Banque Delubac, with custody managed by Swiss firm Taurus.

Market Response and Strategy

The announcement came with other corporate moves. Earlier in June, the firm unveiled plans to raise up to €300 million via a stock offering (an “At-the-Market” share sale) to fund more Bitcoin buys.

On June 18, after the new purchase news broke, ALTBG shares were quoted to be 1% below their prior close, per Google Finance.

As per recent Bitcoin news updates, market observers view the firm’s strategy as part of a broader trend. At least 26 public companies have added Bitcoin to their treasuries in the past month, according to industry data.

The Blockchain Group’s move underscores growing institutional appetite for corporate Bitcoin exposure in Europe. However, some industry voices caution that heavy Bitcoin borrowing can be risky if prices tumble.

Standard Chartered recently warned that many smaller firms piling into BTC could face trouble if Bitcoin falls below $90,000.

However, despite the warning, the recent move indicates that The Blockchain Group is pressing ahead.

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