A few hours still remain before Powell speaks, and in the meantime Bitcoin continues to slide in quiet, uneven steps. The movement is too weak to trigger alarm, yet persistent enough to unsettle. Charts refresh without resolution, and whatever directional bias there was a week ago now feels worn thin.
It was during this lull that The Blockchain Group announced the acquisition of another 182 Bitcoin. The company, listed in Paris and self-described as Europe’s first Bitcoin treasury firm, now holds a total of 1,653 BTC, currently valued above 170 million dollars. In a more active environment, this might have blended into the background, but in the current silence it landed with a different weight.
The purchase was funded through convertible bond issuance, not operational surplus. Investors including UTXO Management, Moonlight Capital, TOBAM and Ludovic Chechin-Laurans each subscribed to different portions of the round. The execution involved Banque Delubac and Swissquote, with custody provided by Taurus. The process, while not unusual, reflects a consistent structure and a deliberate approach.
According to the company, their year-to-date Bitcoin yield stands at 1,173 percent, though this figure is a product of ratio rather than revenue. It refers to the amount of Bitcoin held in relation to the firm’s fully diluted share count. The average entry price is approximately 103,000 dollars per coin, which, considering current market levels, positions them favourably for now.
There are plans to purchase an additional 70 Bitcoin, depending on how the next stage of funding proceeds. The pace is moderate and the size is contained, yet it still marks a level of sustained interest that contrasts with the broader market hesitation.
In the past month, over two dozen companies have added Bitcoin to their balance sheets. Some appear to follow structured strategies, while others seem to be replicating moves they have not fully contextualised. Analysts have begun to note the exposure, and Standard Chartered recently observed that if Bitcoin were to fall below 90,000 dollars, a number of these structures could face forced liquidation.
The Blockchain Group, in contrast to others, has not launched a token, nor presented a thematic narrative to accompany the allocation. The move appears limited to what has been stated directly: capital raised, coins acquired, position disclosed. Whether this serves as foundation for something larger or simply remains as it is, depends less on market reaction than on the company’s own intentions.
For now, it is one of the few visible actions taking place while most others wait.
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