The Blockchain Group (ALTBG), a Paris-based technology firm that positions itself as Europe’s first Bitcoin treasury company, has announced that it has added 182 more Bitcoins to its portfolio. The company’s latest purchase was worth around 17 million euros ($19.6 million).
The Blockchain Group Continues Bitcoin Purchases: 182 More BTC Added, Bringing Total Value Over $170 Million
With the latest purchase, the company's total Bitcoin holdings reached 1,653 BTC, with a total market value of approximately 149 million euros (approximately $171 million).
The company also drew attention with its 1,173% “BTC yield” so far in 2025. This ratio is calculated by dividing the total amount of Bitcoin held by the company’s fully diluted share count. This metric is used to show how effective companies’ Bitcoin acquisition strategies are.
For comparison, MicroStrategy (MSTR), the world’s largest institutional Bitcoin holder, reported a 19.1% BTC yield since the beginning of the year, while Japan-based Metaplanet (3350) reported a 266.07% yield and US-based Semler Scientific (SMLR) reported a 26.7% yield.
Bitcoin Purchases Funded by Bond and Stock Proceeds
The Bitcoin purchase was financed by a convertible bond issue worth more than €18 million, with investors including UTXO Management, Moonlight Capital, Ludovic Chechin-Laurans and asset manager TOBAM.
The company also raised an additional €1.6 million by converting its stock purchase warrants into approximately 3 million new shares, and used this proceeds to purchase Bitcoin.
The Blockchain Group’s Bitcoin purchases were made through Swissquote Bank Europe and Banque Delubac, while the crypto assets are being held in custody by Switzerland-based digital asset infrastructure provider Taurus.
The company's average cost of Bitcoin purchases is around 90,000 euros (about $103,000).
Following the news of the acquisition, the company's shares were traded on the Euronext Paris exchange in the morning hours, down 2.1% at 4,895 euros, while France's CAC 40 index remained flat.
The Blockchain Group’s aggressive Bitcoin strategy makes it one of the prominent players in institutional crypto asset management in Europe.
*This is not investment advice.
