The Paris-list technology firm Blockchain Group expanded its bitcoin reserves for about $ 19.6 million with the purchase of 182 BTCs, leading to its total holding of 1,653 BTC. At current market prices, the company’s stand costs more than $ 170 million.
The latest acquisition by Europe’s first bitcoin Treasury Company was finalized on Tuesday, funded through a series of recently completed convertible bonds, which is about 18 million euros ($ 20.7 million), firm. Said In a Wednesday’s announcement.
Notable investors in the era included UTXO management, Moonlight Capital, Tobem and Ludovic Chechin Laurns. The announcement revealed that each participant bought a separate part of the company’s Bond Prasad.
Shopping was executed by the commercial banking institute Banke Deluback and CIE and Digital Investing Bank Swissquot Bank Europe SA, detained by Swiss infrastructure provider, Taurus for digital assets.
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Blockchain Group reports 1,173% BTC yield in 2025
The blockchain group claims a year-on-year-a-time bitcoin (BTC) The yield of 1,173.2%, reflects an increase in the ratio of bitcoin organized for a fully slim shares. Since the beginning of the year, the company has added 469 BTCs and reported more than $ 49.4 million in profit in bitcoin price.
The average acquisition cost of the firm is less than the current market prices, about $ 103,000 per BTC. With those schemes that may be able to procure additional 70 BTCs, total reserves may soon reach 1,723 BTC.
The blockchain group is traded under the ticker altbg on Euronext growth Paris. The company’s shares are 3.9% below today, according to which data From Google Finance.
Earlier this month, blockchain group Announced plan to raise 300 million euros ($ 342 million) A “in the market” (ATM) -offering to promote your bitcoin treasury via style.
This money will be in the trench in raising, with shares sold at market-driven prices based on the last day’s closed or volume-wated average price, and is capted at 21% of the daily trading volume.
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26 institutions add bitcoin to Treasury in the last month
Increasing number of public companies is adding Bitcoin for their balance sheetAccording to bitcointreasuries.net, with at least 26 institutions in the last 30 days.
However, critic Warn that some firms may turn to bitcoin As a last remedy rather than a strategic game. Institutional careful caution, like Fakhul Mia, may be the lack of risk management for such steps that mimic the playbook of the strategy of the strategy that the strategy of the strategy.
Standard Chartered Bank warned that half of these companies could face serious trouble if bitcoin fell below $ 90,000, potentially triggered wide liquidation and damaged the reputation of the property.
magazine: Old investors are putting everything at risk for a crypto-funded retirement.
