- The Blockchain Group has purchased 182 Bitcoin for about $19.6 million, raising its total holdings to 1,653 BTC.
- The company used funds from recent convertible bond issuances totaling nearly $20.7 million to finance the acquisition.
- At current market rates, the group’s Bitcoin is valued at over $170 million, with an average purchase price of $103,000 per Bitcoin.
- The firm reports a year-to-date Bitcoin yield of 1,173% and has seen gains of over $49.4 million in 2025.
- At least 26 companies have added Bitcoin to their treasuries in the past month; experts warn of risks if prices fall sharply.
The Blockchain Group, a Paris-traded technology firm, acquired 182 Bitcoin valued at about $19.6 million, finalizing the deal on June 17, 2025. This move increases its total Bitcoin holdings to 1,653 BTC, making it one of the largest European-listed holders of the cryptocurrency.
The purchase was funded through recently completed convertible bond offerings, raising nearly $20.7 million. Investors included UTXO Management, Moonlight Capital, TOBAM, and Ludovic Chechin-Laurans, with each participating in different bond tranches. Commercial bank Banque Delubac & Cie and Swissquote Bank Europe SA executed the purchases, and Swiss platform Taurus handled asset custody.
According to the company’s Wednesday announcement, The Blockchain Group reports a year-to-date return of 1,173% in Bitcoin, measured by the increase in Bitcoin per share. Since January, the group has added 469 BTC and realized over $49.4 million in Bitcoin value growth. The average cost for its Bitcoin holdings stands at about $103,000 per BTC, which is below current market prices. The company may add another 70 BTC to its treasury in the near future.
The Blockchain Group trades under the symbol ALTBG on Euronext Growth Paris. As of the latest update, the company’s shares have dropped 3.9%, according to Google Finance data.
Earlier this month, the group announced plans to raise up to $342 million through an “At the Market” offering. The process will take place in phases, with share sales limited to 21% of the daily trading volume.
At least 26 companies have added Bitcoin to their balance sheets in the past 30 days, according to data from BitcoinTreasuries.NET. Some industry analysts warn that if Bitcoin’s price were to fall below $90,000, about half of these firms could face severe financial trouble, potentially triggering liquidations.
Standard Chartered Bank has issued a statement noting the risk of widespread liquidations and market impact if prices decline significantly. “Smaller firms could lack the risk management needed for such large crypto allocations,” according to Fakhul Miah of GoMining Institutional.
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