2 days ago
The Blockchain Group (ALTBG), listed connected Euronext Growth Paris and known arsenic Europe’s archetypal bitcoin BTC treasury company, has bought 624 BTC for astir 60.2 cardinal euros ($68.8 million).
This determination follows 2 large financing operations: a reserved superior summation and a convertible enslaved issuance.
On May 20, 2025, the Group raised 6.8 cardinal euros done a backstage placement, enabling the acquisition of 80 BTC. Shortly after, connected May 26, a convertible enslaved issuance brought successful 55.3 cardinal euros subscribed by Fulgur Ventures utilized to acquisition an further 544 BTC.
As a result, The Blockchain Group and its Luxembourg-based subsidiary present clasp a full of 1,471 BTC, valued astatine astir 131.9 cardinal euros (averaging 89,687 euros per bitcoin).
Since the opening of 2025, the institution has recorded a BTC output of 1,097.6% YTD, on with a BTC summation of 439 BTC and a worth summation of 42.3 cardinal euros.
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