James Richardson
The Blockchain Group, Europe’s first publicly traded Bitcoin treasury firm on Euronext Growth Paris, has made another powerful move in its BTC strategy. The company has added 116 BTC, bringing its total Bitcoin holdings to 1,904 BTC.
This latest accumulation was made possible through three separate fundraising efforts totaling €11 million, completed as of July 7. The newly acquired BTC came at an average cost of approximately €94,827 per coin.
The firm’s first fundraising came in the form of an “ATM-type” equity issuance, finalized on July 1 with institutional investor TOBAM. This round raised nearly €1 million, which was quickly deployed to acquire 11 BTC.
Simultaneously, The Blockchain Group’s Luxembourg subsidiary completed two convertible bond deals, each worth €5 million:
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The first bond was fully subscribed by TOBAM, funding 52 BTC at a conversion price of €5.174 per share.
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The second was backed by Blockstream CEO Adam Back, enabling the purchase of 53 BTC.
These coordinated efforts enabled the company to efficiently acquire 116 BTC through strategic capital injections.
BTC Holdings Jump as Company Aims for 170,000 BTC by 2032
Following the most recent buy, the company’s Bitcoin reserves have grown by 6.5%, up from the 1,788 BTC held after a €5.5 million acquisition in the previous month.
In total, €172 million has been invested to accumulate the firm’s 1,904 BTC, with an average entry cost of €90,332 per coin.
Looking ahead, The Blockchain Group has set an ambitious target of holding 170,000 BTC by 2032, representing nearly 1% of Bitcoin’s total supply. This long-term vision positions the firm as one of the most committed BTC treasury institutions in Europe.
Staggering Returns: 1,349% BTC Yield Year-To-Date
The Blockchain Group has reported an impressive year-to-date BTC yield of approximately 1,348.8%, reflecting a BTC gain of 539.5 BTC since the start of the year. This translates into a Bitcoin euro gain of nearly €49.7 million.
The firm’s latest BTC yield is a 6.1% increase from its previously reported 1,270.7% YTD gain, thanks to the compounding effects of its new 116 BTC acquisition.
Per-Share BTC Growth Strengthens Market Position
Central to the company’s strategy is increasing the amount of Bitcoin held per fully diluted share. By continuously growing its BTC reserves and maintaining efficient capital allocation, The Blockchain Group is reinforcing its leadership in the corporate Bitcoin ecosystem.
