In a significant move underscoring growing institutional conviction in cryptocurrency, Paris-listed firm The Blockchain Group (Euronext Growth: ALTBG) has announced the acquisition of an additional 182 Bitcoin (BTC). The purchase, valued at approximately $19.6 million (€17 million), further solidifies the company's strategy as a dedicated "Bitcoin Treasury Company."
This latest acquisition brings The Blockchain Group's total Bitcoin holdings to an impressive 1,653 BTC. At current market prices, the company's digital asset reserve is now valued at over $170 million. This continues a deliberate and aggressive accumulation strategy that has positioned the French technology firm as a notable player in the corporate adoption of Bitcoin as a treasury asset.
The company has stated that the funds for this substantial purchase were raised through a series of recently completed convertible bond issuances. This financing strategy highlights the innovative methods companies are employing to gain exposure to the digital asset market, leveraging traditional financial instruments to build their Bitcoin reserves. The move signals strong investor confidence in The Blockchain Group's vision and its digital-first approach to corporate treasury management.
This purchase further enhances what the company refers to as its "BTC Yield," a metric that reflects the growth in Bitcoin held per fully diluted share. The consistent increase in its Bitcoin holdings is a core part of its mission to offer shareholders an alternative store of value and a hedge against traditional market volatility. As institutional interest in Bitcoin continues to mature, The Blockchain Group's proactive treasury strategy places it at the forefront of this global trend.
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