Paris-listed tech firm The Blockchain Group increased its Bitcoin reserve with a purchase of 182 BTC. Its total Bitcoin holdings now stand at 1,653 BTC. The current price of the Bitcoins is over $170 Million.
The firm said that the latest acquisition, completed on Tuesday by Europe’s first Bitcoin treasury, was funded from a number of recent convertible bond issues totaling almost 18 million euros. said A Wednesday announcement was made.
UTXO Management was one of the notable investors. Others included Moonlight Capital and TOBAM. In the announcement, each investor bought a part of the bonds offered by the company.
The purchases were executed by commercial banking institution Banque Delubac & Cie and digital investing bank Swissquote Bank Europe SA, with custody by Taurus, a Swiss infrastructure provider for digital assets.
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Blockchain Group announces 1,173% BTC return in 2025
Blockchain Group says that it has a Bitcoin (BTC( yield) of 1,173.2%. This is due to an increase of the Bitcoin held in relation to fully diluted stock. Since January 1, the company added 469 BTC, and has reported gains of more than $49.4 Million in Bitcoin values.
The company’s acquisition costs per BTC are lower, at about $103,000. Plans are in place to allow the purchase of 70 BTC more, so total reserves could soon reach 1,723 BTC.
Euronext Growth Paris lists the Blockchain Group as ALTBG. According to Euronext Growth Paris, the company’s share price is down by 3.9%. data Google Finance
The Blockchain Group has released its latest report. announced plans to raise 300 million euros ($342 million) By an “At the Market” The Bitcoin Treasury will be boosted by an ATM-style offer.
This fundraising is done in tranches. Shares will be sold at market prices, based on either the close of the day before or the volume weighted average. The maximum amount per daily volume traded for each sale will not exceed 21%.
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Over the last month, Bitcoin has been added to the treasury of 26 different entities.
A growing number public companies have added their names to the list of listed companies. Bitcoin to their balance sheets, with at least 26 entities doing so in the past 30 days, according to BitcoinTreasuries.NET.
But critics warn that some firms may be turning to Bitcoin As a last option rather than as a strategy. Fakhul MIAH from GoMining Institutional warns that small firms may not have the necessary risk management to make such moves.
Standard Chartered Bank warns that Bitcoin falling below $90,000. It could cause liquidations to occur and hurt the asset’s reputation.
Magazine: Older investors are risking everything for a crypto-funded retirement
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Source: cointelegraph.com
