The blockchain group acquires 580 bitcoins in its largest purchase
The blockchain group, a leading Bitcoin treasury company in Europe supported by "Adam Back," announced its acquisition of 580 bitcoins worth $50 million, marking its largest purchase since it began its Bitcoin accumulation strategy in November 2024.
With this acquisition, its holdings reach 620 bitcoins valued at $54 million, funded by the issuance of convertible bonds.
The company launched three new indices to track its performance, which are:
Bitcoin Yield, Bitcoin Gains, and Euro Bitcoin Gains.
The company recorded a return of 709.8% since the beginning of the year.
Its strategy relies on increasing the number of bitcoins per share through cash flows and capital raises, drawing its approach from "Strategy," the largest Bitcoin treasury company globally.
"Alexander Leizet," the executive vice president, stated that the company aims to enhance shareholder value by accumulating bitcoins without selling them, expecting institutional adoption of Bitcoin to take 10-15 years.
He confirmed that the next phase involves linking traditional financing with the Bitcoin-based financial system by integrating it into treasury bonds and facilitating transactions through stablecoins and cash blockchain funds.