Europe’s first Bitcoin treasury firm buys another $20M BTC, now holds over $170M

Paris-listed exertion steadfast The Blockchain Group has expanded its Bitcoin reserves with the acquisition of 182 BTC for astir $19.6 million, bringing its full holdings to 1,653 BTC. At existent marketplace prices, the company’s stash is valued astatine implicit $170 million.

The latest acquisition by Europe’s archetypal Bitcoin treasury company, finalized connected June 17, was funded done a bid of precocious completed convertible enslaved issuances totaling astir 18 cardinal euros ($20.7 million), the steadfast said successful a Wednesday announcement.

Notable investors successful the circular included UTXO Management, Moonlight Capital, TOBAM, and Ludovic Chechin-Laurans. The announcement showed that each subordinate bought a antithetic portion of the company’s enslaved deals.

The purchases were executed by commercialized banking instauration Banque Delubac & Cie and integer investing bankSwissquote Bank Europe SA. Taurus, a Switzerland-based infrastructure supplier for integer assets, managed custody.

Related: Genius Group Bitcoin treasury grows 52% arsenic 1,000 BTC extremity reaffirmed

Blockchain Group reports 1,173% BTC output successful 2025

The Blockchain Group claims a year-to-date Bitcoin (BTC) output of 1,173.2%, reflecting an summation successful the ratio of Bitcoin held to its afloat diluted stock count. Since the commencement of the year, the institution has added 469 BTC and reported implicit $49.4 cardinal successful gains successful Bitcoin value.

The firm’s mean acquisition outgo stands astatine astir $103,000 per BTC, little than existent marketplace prices. With plans underway that could alteration the acquisition of an further 70 BTC, full reserves whitethorn soon attack 1,723 BTC.

The Blockchain Group is traded nether the ticker ALTBG connected Euronext Growth Paris. The company’s shares are down 3.9% today, according to data from Google Finance.

The Blockchain Group dropping 3%. Source: Google Finance

Earlier this month, The Blockchain Group announced plans to rise 300 cardinal euros ($342 million) done an “At the Market” (ATM)-style offering to boost its Bitcoin treasury.

The fundraising volition hap successful tranches, with shares sold astatine market-driven prices based connected the erstwhile day’s adjacent oregon the volume-weighted mean terms and capped astatine 21% of regular trading volume.

Related: Trump Media’s Bitcoin treasury registration ‘declared effective’ by SEC

26 entities adhd Bitcoin to treasury successful past month

A increasing fig of nationalist companies are adding Bitcoin to their equilibrium sheets, with astatine slightest 26 entities doing truthful successful the past 30 days, according to BitcoinTreasuries.NET.

However, critics warn that immoderate firms whitethorn beryllium turning to Bitcoin arsenic a past edifice alternatively than a strategical play. Industry voices similar Fakhul Miah from GoMining Institutional caution that smaller firms mimicking Strategy’s playbook whitethorn deficiency the hazard absorption required for specified moves.

Standard Chartered Bank issued a informing that fractional of these companies could look superior occupation if Bitcoin falls beneath $90,000, perchance triggering wide liquidations and harming the asset’s reputation.

Magazine: Older investors are risking everything for a crypto-funded retirement