💵 The first Bitcoin management company in Europe bought 75,273,412,139 more for $20 million
The European company The Blockchain Group acquired an additional 182 BTC, bringing the total reserves to 1,653 BTC (over $170 million at current exchange rates).
🔼 The financing for the purchase was made through the issuance of convertible bonds. The transactions were conducted through partner banking institutions.
The average acquisition cost for the company is about $103,000 per BTC, which is below current market prices.
💰 With plans that may allow for the purchase of an additional 70 BTC, the company's total reserves could soon approach 1,723 BTC.