The Blockchain Group, the first Bitcoin Treasury Company in Europe, announced the acquisition of an additional 60 BTC, increasing its total reserves to 1,788 BTC.
Acquisition of Additional Bitcoin
The Blockchain Group confirmed the acquisition of 60 Bitcoin for approximately €5.5 million, bringing its total holdings to 1,788 BTC, valued at around €161.3 million.
Financing and Investor Participation
The purchase was financed through multiple capital operations, including the conversion of warrants and new equity subscriptions. Notably, Blockstream CEO Adam Back subscribed to 2.1 million shares at €0.544 per share, contributing approximately €1.16 million toward the Bitcoin purchase. Asset manager TOBAM also participated, subscribing to 262,605 shares for around €0.14 million.
Company's Strategy and Goals
The Blockchain Group aims to accumulate approximately 170,000 BTC by 2032, which is equivalent to 1% of the total Bitcoin supply. The company's total Bitcoin holdings now reflect an impressive year-to-date yield of approximately 1,270.7%.
The Blockchain Group continues to actively expand its Bitcoin reserves, emphasizing its commitment to significant investments in the digital asset.
