Europe’s first Bitcoin treasury company The Blockchain Group on Tuesday announced the acquisition of 624 BTC for EUR 60.2 million (USD $68.7 million). After the latest purchase, the company’s total Bitcoin holdings rose to 1,471 BTC.
The Blockchain Group has an ambitious plan to acquire 260,000 BTC by the year 2033, joining the elite list of companies adding Bitcoin to their balance sheet.
The Blockchain Group Buys 624 BTC Worth $68M
According to a press release on June 3, Paris, France-based The Blockchain Group purchased 624 BTC for EUR 60.2 million ($68.7 million). Euronext Growth Paris-listed company has followed the path of Strategy (formerly MicroStrategy) by issuing corporate bonds to raise capital for Bitcoin buy.
Moreover, Blockchain Group’s total holdings increased to 1,471 BTC worth nearly USD $106 million at the current Bitcoin price. The company has also revealed that it has achieved a remarkable BTC Yield of 1,097.6% year-to-date with its Bitcoin acquisition strategy.
“The private placement announced on May 20, 2025, for a total definitive amount of ~€8.6 million, enabling the acquisition of 80 BTC for ~€7.7 million,” stated the company. “As well as the definitive completion of the convertible bond issuance announced on May 26, 2025, for a total amount of ~€55.3 million, subscribed by Fulgur Ventures, allowing the acquisition of 544 BTC for ~€52.5 million.”
Blockchain Group ALTBG stock price jumped 8% in premarket hours on Tuesday, but fell 0.34% as market opened. ALTBG stock has rallied more than 168% in a month and over 873% year-to-date as the firm adopts a Bitcoin acquisition strategy.
