- Blockchain Group strengthens Bitcoin strategy with 182 BTC purchase.
- Holdings now valued at €148.9 million.
- Significant institutional backing for Bitcoin as treasury asset.
Blockchain Group, a Paris-listed entity, increased its Bitcoin holdings by acquiring 182 BTC. This purchase was facilitated through financial partners on the Euronext Growth Paris platform.
Key financial partners in this acquisition were TOBAM, UTXO Management, Moonlight Capital, and Ludovic Chechin-Laurans. Funds came from convertible bonds and warrant conversions, executed via Banque Delubac & Cie and Swissquote Bank Europe SA.
The Blockchain Group, CEO, The Blockchain Group, stated, “The Company thus reinforces its Bitcoin accumulation strategy while continuing to develop the operational activities of its subsidiaries.”
The Bitcoin market observed a marked year-to-date yield of 1,173.2% for Blockchain Group. This transaction retains the spotlight on BTC as the main affected token, excluding altcoins from immediate treasury consideration.
This event underscores a broad institutional trend in Europe toward Bitcoin as a treasury reserve. No commentary from seen top-tier crypto-influencers, highlighting a focus on corporate actions over individual opinions.
Institutional security and compliance are maintained through partners like Taurus. Historical parallels with US firms suggest potential market positioning similar to MicroStrategy and Tesla.
