The Blockchain Group Acquires 624 BTC, Worth $68M

France-based tech firm The Blockchain Group has expanded its Bitcoin holdings with the purchase of 624 BTC worth $68 million. With this latest purchase, the company and its subsidiary, The Blockchain Group Luxembourg SA, now hold a total of 1,471 BTC. Market prices currently value these holdings at over $154 million.

According to a statement, the company acquired these assets for approximately $150 million (€131.9 million). The average price was $102,315 (€89,687) per bitcoin.

🟠 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 Blockchain Group Buys $68M Worth of BTC

The company used proceeds from its recent convertible bond issuance to fund this purchase. A week ago, the company raised $72 million (€63.3 million) through convertible bond sales to support further Bitcoin purchases.

Following this purchase, the Blockchain Group disclosed that it had achieved a BTC yield of 1,097.6% YTD. Notably, the company touts itself as Europe’s first Bitcoin treasury firm. 

“The company thus reinforces its Bitcoin accumulation strategy, while continuing to develop the operational activities of its subsidiaries,” the firm stated. 

The Blockchain Group Bitcoin Venture

In November 2024, the France-based tech firm began its Bitcoin accumulation strategy, marking its transition into Europe’s first Bitcoin Treasury Company. On that day, the company made its inaugural purchase of 15 BTC. This was followed by other subsequent acquisitions. 

One of the most significant purchases occurred earlier in March when the firm bought 580 BTC worth over $50 million. According to the company’s CEO Alexandre Laizet, this move was inspired by prominent Bitcoin adopters, including Michael Saylor’s Strategy and Metaplanet. 

The Blockchain Group views Bitcoin as an essential part of its money reserves. The company focuses on maximizing Bitcoin holdings per share through capital raises and excess cash flow. 

Moreover, the firm aims to acquire 260,000 BTC by 2033, positioning itself among the leading companies integrating Bitcoin into their balance sheets. This strategic shift boosted the company’s market performance, with its stock price surging over 220% since announcing its Bitcoin strategy. 

There has been a growing trend of institutional investment in cryptocurrencies. For instance, GameStop, the video game retailer, recently bought 4,710 BTC for $513 million. 

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