In a world where the haves and have-nots are separated by a thin line of code, The Blockchain Group has emerged as a behemoth, gobbling up Bitcoins like they’re going out of style. Their latest haul? A cool 116 BTC, bringing their total stash to a whopping 1,904 BTC. 💸
It all started on July 7, when the company, Europe‘s first Bitcoin Treasury Company listed on Euronext Growth Paris, announced the completion of not one, not two, but three strategic capital raises totaling a tidy €11 million. This influx of cash enabled them to go on a Bitcoin shopping spree, and boy, did they ever. 🛍️
First, they wooed institutional investor TOBAM with an “ATM-type” equity issuance, raking in ~€1 million at a price of approximately €5.251 per share. This was promptly used to purchase 11 BTC, because, why not? 🤑
Meanwhile, their Luxembourg subsidiary was busy executing two €5 million convertible bond issuances. The first was snapped up by TOBAM at a conversion price of €5.174 per share, funding the purchase of 52 BTC for a mere €4.8 million. The second was subscribed by Blockstream CEO Adam Back, allowing the acquisition of 53 BTC for a cool €4.9 million. 💸
These three rounds cumulatively brought in ~€11 million, enabling the firm to purchase 116 BTC at an average acquisition price of around €94,827 per BTC. As a result, The Blockchain Group and its Luxembourg unit now hold a total of 1,904 BTC, acquired for a cumulative €172 million, with an average entry price of approximately €90,332 per BTC. Not too shabby, if you ask me. 😏
This marks a 6.5% increase in total BTC holdings from the prior announcement, when the company held 1,788 BTC following its earlier €5.5 million acquisition. I guess you could say they’re on a roll. 🎲
But wait, there’s more! The company reported a BTC Yield of ~1,348.8% and a BTC Gain of ~539.5 BTC since the start of this year, translating into a BTC € Gain of nearly €49.7 million. This marks a 6.1% increase in BTC Yield from the previously reported year-to-date yield of approximately 1,270.7%, reflecting the compounding effect of the additional 116 BTC acquired through the latest capital raises. Yeah, that’s a lot of numbers. 🤯
The Blockchain Group began accumulating Bitcoin in November of last year and aims to hold around 170,000 BTC, which represents about 1% of the total Bitcoin supply, by 2032. The company’s strategy focuses on steadily increasing the amount of BTC held per fully diluted share, reinforcing their position as a leading Bitcoin Treasury Company. Because, why settle for anything less? 💪
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2025-07-07 13:31