Paris-listed technology firm The Blockchain Group expanded its Bitcoin reserves with the purchase of 182 BTC for about $19.6 million, bringing its total holdings to 1,653 BTC.
At current market prices, the companys stash is valued at over $170 million.The latest acquisition by Europes 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 companys 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.Related: Genius Group Bitcoin treasury grows 52% as 1,000 BTC goal reaffirmedBlockchain Group reports 1,173% BTC yield in 2025The Blockchain Group claims a year-to-date Bitcoin (BTC) yield of 1,173.2%, reflecting an increase in the ratio of Bitcoin held to its fully diluted share count.
Since the start of the year, the company has added 469 BTC and reported over $49.4 million in gains in Bitcoin value.The firms average acquisition cost stands at around $103,000 per BTC, lower than current market prices.
With plans underway that could enable the purchase of an additional 70 BTC, total reserves may soon approach 1,723 BTC.The Blockchain Group is traded under the ticker ALTBG on Euronext Growth Paris.
The companys shares are down 3.9% today, according to data from Google Finance.The Blockchain Group shares drop 3%.
Source: Google FinanceEarlier this month, The Blockchain Group announced plans to raise 300 million euros ($342 million) through an At the Market (ATM)-style offering to boost its Bitcoin treasury.The fundraising will occur in tranches, with shares sold at market-driven prices based on the previous days close or the volume-weighted average price and capped at 21% of daily trading volume.Related: Trump Medias Bitcoin treasury registration declared effective by SEC26 entities add Bitcoin to treasury in past monthA growing number of public companies are adding Bitcoin to their balance sheets, with at least 26 entities doing so in the past 30 days, according to BitcoinTreasuries.NET.However, critics warn that some firms may be turning to Bitcoin as a last resort rather than a strategic play.
Industry voices like Fakhul Miah from GoMining Institutional caution that smaller firms mimicking Strategys playbook may lack the risk management required for such moves.Standard Chartered Bank warned that half of these companies could face serious trouble if Bitcoin fell below $90,000, potentially triggering widespread liquidations and harming the assets reputation.Magazine:Older investors are risking everything for a crypto-funded retirement