Blockchain Group’s Bitcoin Bonanza: 624 BTC Acquisition Sparks Frenzy!

by

Well, well, well, it seems the Blockchain Group (Euronext Paris: ALTBG) has been up to some rather interesting business lately. They’ve just announced they’ve acquired a whopping 624 bitcoin (that’s BTC, for those of you not keeping track) for a cool €60.2 million. Yes, you read that right, 624 of the shiny little digital coins, bringing their total BTC holdings to a dizzying 1,471 BTC—valued at, wait for it, €131.9 million. 🤑

Now, you might be wondering, “How on earth did they manage that?” Well, my dear reader, it all started with a reserved capital increase and a private placement that they announced on May 20, 2025. This clever little move raised about €8.6 million, which they promptly turned into 80 BTC for €7.7 million. Because, of course, who doesn’t want a bit more of that sweet, sweet bitcoin?

And just in case you were thinking they might slow down, fear not! The Blockchain Group kept the pedal to the metal by completing a convertible bond issuance on May 26, 2025, raising around €55.3 million, courtesy of Fulgur Ventures. With that, they scooped up 544 BTC for €52.5 million. I mean, what’s a mere €52.5 million when you’re swimming in digital gold, right? 😏

Now, here’s the kicker: the Blockchain Group has reported an eye-popping year-to-date BTC yield of 1,097.6%. That’s a gain of 439 BTC, which conveniently translates to around €42.3 million. Not bad for a few well-placed investments, eh?

As if that wasn’t enough, the company is continuing to ramp up its bitcoin accumulation strategy while also keeping busy with its subsidiaries, who are knee-deep in data intelligence, AI, and decentralized technology consulting. Because why settle for just a bitcoin fortune when you can have the whole tech shebang? 🚀

Read More

2025-06-03 16:57