Blockchain Group Expands BTC Holdings and Strengthens Capital Base
The Blockchain Group Expands bitcoin Holdings with Strategic Investments
Significant bitcoin Acquisition and Treasury Growth
The Blockchain Group (ALTBG), headquartered in Paris, has recently made strategic enhancements to its bitcoin treasury and overall capital structure. The company has acquired 60 BTC for approximately 5.5 million euros (around $6.5 million), increasing its total bitcoin reserves to 1,788 BTC, which are currently valued at about 161.3 million euros. This acquisition reflects an average purchase price of 90,213 euros per bitcoin.
Key Transactions and Share Subscriptions
Among the noteworthy transactions, Blockstream CEO Adam Back has invested in over 2.1 million new shares, totaling around 1.16 million euros. Additionally, French asset management firm TOBAM has subscribed to approximately 262,605 new shares for just under 143,000 euros, facilitating the acquisition of 13 BTC.
The Blockchain Group also exercised warrants known as BSA 2025-01, resulting in the issuance of over 1.1 million new shares and generating around 600,000 euros in fresh capital, which was subsequently utilized to purchase 6 BTC. Furthermore, the company executed an “ATM-type” capital increase in collaboration with TOBAM, raising 4.1 million euros to fund the acquisition of 41 BTC.
Impressive Year-to-Date Performance
As of now, The Blockchain Group has reported a remarkable BTC yield of 1,270% for the year, translating to gains of approximately 508.3 BTC, which equates to around 46.7 million euros.
For further insights, read: The Blockchain Group Initiates 300M-Euro ATM Share Sale to Boost bitcoin Holdings.
