The Blockchain Group Boosts Bitcoin Holdings by 12% With 182 BTC Purchase

The Blockchain Group, a Paris-listed tech firm, has significantly increased its Bitcoin holdings by acquiring 182 BTC for 17 million euros, equivalent to approximately $19.6 million. This purchase has elevated the company's total Bitcoin stash to 1,653 BTC, valued at nearly 149 million euros. The acquisition was funded through a series of convertible bond issuances totaling over 18 million euros, which were subscribed by various investors including UTXO Management, Moonlight Capital, Ludovic Chechin-Laurans, and asset manager TOBAM. Additionally, the company converted share warrants into nearly 3 million ordinary shares, raising another 1.6 million euros for further Bitcoin purchases.

The Blockchain Group reported an impressive 1,173% BTC yield for the year. This metric, defined as the ratio of total BTC held to fully diluted shares outstanding, is used by several companies to measure the effectiveness of their Bitcoin acquisition strategies. While different companies may track this yield in various ways, The Blockchain Group's figure is notably high compared to other major corporate holders of Bitcoin. For instance, MicroStrategy reported a 19.1% BTC yield year-to-date, while Metaplanet reported 266.07% and Semler Scientific reported 26.7%.

The company's Bitcoin was purchased through Swissquote Bank Europe and Banque Delubac, and is held in custody by Taurus, a Swiss digital asset infrastructure provider. The latest round of purchases has brought the average cost basis of the firm’s Bitcoin to about 90,000 euros per coin. This strategic accumulation of Bitcoin reflects The Blockchain Group's commitment to leveraging digital assets as a core part of its financial strategy.