The first European firm with Bitcoin Treasury increases its holdings to 1,471 BTC

By Hannah Pérez

The French company The Blockchain Group increased its Bitcoin holdings after one last purchase for USD $ 68.7 million, the largest since it adopted the Bitcoin reserve play last year.

***

• The Blockchain Group increased its Bitcoin holdings after one last purchase for USD $ 68.7 million
• It is his biggest purchase of Bitcoin since he adopted the investment strategy for his treasury last year
• The company is part of a broader corporate trend of Bitcoin accumulatory

---

The Blockchain Groupknown for being the first public company in Europe to adopted the Bitcoin Treasury strategy, increased its reservations after a last investment for USD $ 68.7 million.

The Paris -based technology consulting firm announced Tuesday. Bitcoins (BTC) for an approximate expense of 60.2 million euros, which marked its largest purchase since it adopted the play of accumulation of Bitcoin last year.

The Blockchain Group He began to acquire Bitcoin As part of its “Bitcoin Treasury Company” strategy launched on November 5, 2024, becoming the first European company that is quoted by the stock market to adopt this strategy. Its objective is to increase the amount of Bitcoin by action over time, using the excess effective of the company and adequate financing instruments. This initiative reflects its confidence in the long -term value of Bitcoin as a strategic reserve asset.

The most recent purchase was financed through two key movements: an increase in reserved capital and an emission of convertible bonds.

In mid -May, the company had raised 6.8 million euros through private placement, which allowed the acquisition of 80 BTC. Shortly after, on May 26, an issue of convertible bonds brought 55.3 million euros signed by Fulgur Ventures To buy additional 544 BTC, as details COINDESK.

As a result, the company and its subsidiaries Now they have a total of 1,471 BTCacquired for € 131.9 million to € 89,687 per Bitcoinaccording to one statement released on Tuesday.

“The company thus reinforces its Bitcoin accumulation strategy, while continuing to develop the operational activities of its subsidiaries“, Said the French company, which quotes on the stock market Euronext Growth Paris.

Corporate appetite by Bitcoin He has seen an impulse this year in the midst of a pricing rebound in the cryptocurrency market and a more favorable regulatory environment in main economies such as Europe and the United States.

The Blockchain Group It is part of a growing trend of companies worldwide that adopt Bitcoin as a treasury asset, including Méliuz In Brazil, Metaplenet in Japan and Remit Logtech In Hong Kong, to name a few.

Strategyled by Michael Saylor and Pionera in this play, is crowned as the largest public corporate head of Bitcoin with 580,955 BTC in your balance. The company announced its last purchase yesterday of 705 BTC before revealing a new sale of 2.5 million preferential actions to raise capital with the aim of continuing to expand its holdings of Bitcoin.

The Blockchain Group He has experienced a 15.8% rebound in the price of his shares on Tuesday, to negotiate at 3.4 euros at the time of edition of this article, according to data from Google Finance.

Bitcoinon the other hand, it changes hands around USD $ 105,200, 0.88% higher in 24 hours and 6.7% below its historical maximum of May 22 close to USD $ 112,000, according to Coinmarketcap.

---

Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI, under free use license

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.