Blockchain Group Enters Bitcoin Race with $70 Million Bet

Key Insights

• The Blockchain Group purchased 624 BTC, taking its total holdings to 1,471 Bitcoin.
• EU institutions increase BTC adoption post-US ETF approvals.
• BTC trades near $105K; analysts expect short-term consolidation.
• Strategy and Metaplanet continue major BTC acquisitions.

Bitcoin’s latest rally has spurred corporate treasuries to bulk up with The Blockchain Group, the latest buyer. In late May 2025, the Paris-listed Blockchain Group (ALTBG) announced it acquired 624 BTC for about €60.2 million, roughly $68.6 million.

That purchase raised its total holdings to 1,471 BTC worth over $150 million. The firm bills itself as Europe’s first public “Bitcoin treasury” company.

The Blockchain Group Buys New 624 BTC

The Blockchain Group funded its buyout with fresh capital. On May 20, it raised $7.8 million via a private placement, used to buy 80 Bitcoin. Six days later, it issued a $63 million convertible bond backed by crypto fund Fulgur Ventures to buy another 544 BTC.

In total, the capital operations amounted to about $70.8 million in funding for the Bitcoin purchases. After these deals, Blockchain Group and its Luxembourg unit held 1,471 BTC, averaging about $102,200 per coin.

Since January 2025, the Group’s crypto stash has already jumped more than tenfold in value. That sharp gain reflects both Bitcoin’s surge and the timing of the buys.

Notably, Bitcoin hit an all-time peak above $112,000 on May 22, 2025, before easing back to $105,000. Even at current levels, the company’s yield is extraordinary compared to traditional assets. It highlights how even smaller firms are now acting like Bitcoin-heavy treasury managers.

The Blockchain Group’s move is part of a global trend in corporate Bitcoin holdings. For scale, U.S. software giant MicroStrategy – led by Michael Saylor – now holds roughly 580,955 BTC, acquired at an average price of around $70,023 per coin.

Strategy, Metaplanet, GameStop All Buying Bitcoin

In late May, MicroStrategy raised about $74.6 million by selling preferred shares and used it to buy 705 BTC. That took its total to 580,000 coins, now worth about $60 billion at current prices.

MicroStrategy’s reported year-to-date return on its Bitcoin stack is roughly 16.9% – far lower than the Blockchain Group’s due to its much larger base.

Another recent standout is Japan’s Metaplanet investment firm. In early June, it bought 1,088 BTC at an average price of $108,400 (total $117.9M), boosting its holdings to 8,888 BTC. That made Metaplanet the world’s 8th-largest corporate Bitcoin holder, just edging past Galaxy Digital’s 8,100 BTC and Block Inc.’s 8,485 BTC.

By comparison, the Blockchain Group’s 1,471 BTC is small next to MicroStrategy or Metaplanet, but it signals a broader shift.

Across the globe, companies – from tech firms to investment funds – are treating Bitcoin as a core treasury asset. As one analyst notes, these large purchases at six-figure price levels show growing institutional confidence.

In this new “Bitcoin race,” even Europe’s emerging players are placing big bets and raising tens of millions to stay in contention.

BTC/USDT Price Analysis

Bitcoin attempted to revisit its 2024 highs on June 2 but slipped below $104,000, according to data from TradingView.

The decline came as geopolitical tensions between Russia and Ukraine resurfaced, weighing on market sentiment. U.S. stocks opened with caution amid concerns about potential instability.

Commentary from The Kobeissi Letter on X pointed to fading optimism around a Russia-Ukraine peace agreement, reportedly under negotiation by U.S. President Donald Trump for over three months.

Traders remained uncertain about short-term direction, with some suggesting Bitcoin may consolidate sideways following recent price swings. At the time, BTC/USDT price was trading at $105k, following a 1% bounce back from yesterday’s lows.

The post Blockchain Group Enters Bitcoin Race with $70 Million Bet appeared first on The Coin Republic.