🚨🚨 #TheBlockChainGroup 🚨🚨

🚀 The Blockchain Group's Bitcoin Acquisition 🚀

💰 Acquisition Details:

🏦 The Blockchain Group, a France-based blockchain solutions firm, has acquired 580 BTC worth approximately €47.3 million.

🌍 This move makes them Europe’s first Bitcoin Treasury company.

📍 The purchase was made through their Luxembourg-based subsidiary.

💵 Funding Mechanism:

💳 The acquisition was funded via a €48.6 million convertible bond issuance (announced on March 6, 2025).

🤝 Major investors include Fulgur Ventures, Adam Back, UTXO Management, Ludovic Chechin-Laurans, and TOBAM.

🏦 Bitcoin Treasury Strategy:

📅 Initiated in November 2024, the company aims to accumulate BTC as a long-term reserve asset.

🔄 BTC purchases are financed through excess cash flow & strategic financing instruments.

📈 Previous BTC Acquisitions:

⚡ November 2024: Purchased 15 BTC at $68,785 per coin.

⚡ December 2024: Acquired 25 BTC at $97,692 per coin.

🔐 Current BTC Holdings:

💎 After this latest acquisition, total holdings = 620 BTC (~$54 million USD).

📊 Market Context (as of March 28, 2025):

🚀 Bitcoin (BTC) Price: $86,979 USD 📉 (-0.28%)

📊 Intraday High: $87,781 USD | Intraday Low: $85,856 USD

This move solidifies The Blockchain Group as a major European player in corporate Bitcoin holdings! ⚡🚀