The Blockchain Group (TBG) has acquired 182 Bitcoin for €17 million, raising its total assets to 1,653 BTC.
Bitcoin Acquisition
On June 18, The Blockchain Group announced the acquisition of an additional 182 Bitcoin for €17 million (approximately $19 million). This purchase took place while Bitcoin's price hovered around weekly lows.
Strategy and Performance
The company is implementing a strategy based on its Bitcoin Treasury model launched in November 2024. According to the official announcement, the company has achieved a Bitcoin yield of 1,173.2% year-to-date (YTD), with its total holdings currently valued at approximately $173.56 million.
Market and Regulation
The Blockchain Group’s Bitcoin acquisition strategy leverages excess cash and financing instruments to increase Bitcoin per share, bolstered by a €300 million capital raise program in partnership with Paris-based asset manager TOBAM. Despite the stringent Markets in Crypto-Assets Regulation (MiCA) enforced across the EU from 2024, French crypto firms like Ledger and Coinhouse, as well as The Blockchain Group, are continuing to embrace Bitcoin.
Thus, The Blockchain Group demonstrates confidence in the future of Bitcoin by continuing to expand its investments despite the existing regulatory environment.
