The blockchain Group Expands Bitcoin Holdings with New Acquisition

Significant Bitcoin Purchase Boosts Total Holdings

The blockchain Group has announced the acquisition of an additional 75 bitcoins, valued at around €6.9 million. This latest purchase elevates the company’s total bitcoin holdings to 1,728 BTC, with an overall estimated investment value of approximately €155.8 million. Since the start of the year, the company has achieved an extraordinary return of 1,231.7% on its bitcoin investments.

Strategic Partnership and Capital Increase

This latest acquisition is part of a broader strategy to increase capital in collaboration with investor TOBAM, which involved issuing shares worth nearly €7.2 million. The primary goal of this initiative is to fortify the group’s position as a Bitcoin Treasury Company. The management of these bitcoin assets is entrusted to Banque Delubac & Cie, utilizing the secure custody technology provided by Taurus.

Continued Focus on Innovation and Growth

Active on Euronext Growth Paris, The blockchain Group remains committed to enhancing its bitcoin treasury while also concentrating on its core activities in data intelligence, artificial intelligence, and decentralized technologies. This dual focus aims to ensure sustainable growth and innovation in a rapidly evolving market.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions.