The Blockchain Group Increases Bitcoin Holdings to 1,788

The Blockchain Group purchased 60 Bitcoins for €5.5 million (about $5.885 million), bringing its total Bitcoin holdings to 1,788, with a total value of approximately €161.3 million (about $172.6 million). The move marks a shift in European corporate financial strategies, with Bitcoin having achieved a return of 1,270.7% year-to-date, far exceeding traditional assets.

The average purchase price was €91,879 (about $98,310) per coin, higher than its current average holding cost of €90,213 (about $96,528), demonstrating the company's confidence in the long-term potential of Bitcoin. According to data from Bitcoin Magazine and the Reddit community, companies such as MicroStrategy recorded a 20% gain in Bitcoin in 2024, driving Bitcoin to gradually become a core asset in corporate balance sheets.

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