Paris-listed technology firm The Blockchain Group expanded its Bitcoin reserves with the purchase of 182 BTC for about $BTC 19.6 million, bringing its total holdings to 1,653 BTC. At current market prices, the company’s stash is valued at over $170 million.
The latest acquisition by Europe’s first Bitcoin treasury company, finalized on Tuesday, was funded through a series of recently completed convertible bond issuances totaling nearly 18 million euros ($20.7 million), the firm said in a Wednesday announcement.
Notable investors in the round included UTXO Management, Moonlight Capital, TOBAM and Ludovic Chechin-Laurans. The announcement showed that each participant bought a different part of the company’s bond offerings.
The purchases were executed by commercial banking institution Banque Delubac & Cie and digital investing bank Swissquote Bank Europe SA, with custody by Taurus, a Swiss infrastructure provider for digital assets.
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