Europe’s First Bitcoin Treasury Firm Buys More BTC
Paris-based technology firm The Blockchain Group has once again gone headlong into Bitcoin, buying 182 BTC worth approximately $19.6 million. The buyout brings its Bitcoin reserves to 1,653 BTC with a value of more than $170 million at current prices.
The firm, listed with ticker ALTBG on the Euronext Growth Paris, completed the buyout on Tuesday, a Wednesday release stated.
Funded through Convertible Bonds
The acquisition of Bitcoin was funded through a sequence of convertible note issues totaling nearly €18 million ($20.7 million). The buyers were UTXO Management, Moonlight Capital, TOBAM, and Ludovic Chechin-Laurans.
The sale was conducted by Banque Delubac & Cie and Swissquote Bank Europe SA, and custody services were provided by Swiss crypto infrastructure firm Taurus.
Bitcoin Holdings Soar in Value with 1,173% Yield
The Blockchain Group had a remarkable 1,173.2% year-to-date Bitcoin return, with rises in BTC per share held. In 2025 to date, the company has purchased a further 469 BTC, worth over $49.4 million in value increases.
Its average purchase price for BTC is around $103,000, which is currently below market price, so the company is in a sound position for the future.
Shares Fall Despite Good Bitcoin Performance
Albeit the bullish Bitcoin policy, the firm’s stock fell 3.9% today, according to Google Finance figures. The Blockchain Group announced earlier this month plans to raise €300 million ($342M) via an ATM-like stock offering to further enhance its reserves of BTC.
Institutional Bitcoin Adoption Grows in Europe
The Blockchain Group is but one of numerous progressively more institutions to have access to Bitcoin as a treasury reserve. Data from BitcoinTreasuries.NET shows that 26 public companies have put BTC on their balance sheets during the course of just the last month.
Riskier Corporate Bitcoin Bets
As interest in Bitcoin corporate strategies increases, some experts also warn that smaller companies might not have risk controls. GoMining Institutional’s Fakhul Miah cautions that replicating aggressive strategies without adequate protection could prove disastrous.
Standard Chartered Bank further added that if Bitcoin drops below $90,000, half of such corporate BTC holders will be in serious liquidity concerns, which could create a tsunami of forced liquidations.
