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The Blockchain Group Plans 1% Bitcoin Supply Acquisition by 2034

Coin WorldThursday, May 1, 2025 1:02 pm ET

1min read

The Blockchain Group (TBG), a publicly listed Bitcoin treasury firm backed by Adam Back, has announced an ambitious plan to acquire between 170,000 and 260,000 Bitcoin by 2034. This acquisition would represent up to 1% of the total Bitcoin supply, positioning TBG as a significant player in the cryptocurrency market.

The plan, detailed in TBG’s latest fiscal report, outlines a phased strategy to expand its Bitcoin holdings over an eight-year period. The company aims to increase its holdings to 1,000 to 3,000 BTC by the end of this year and targets 100,000 BTC by 2032. This gradual accumulation is designed to mitigate risks and maximize returns.

TBG’s strategic vision includes the potential for substantial net asset value if Bitcoin reaches €1-2 million per coin by 2033-2035. Holding 210,000 BTC under these conditions could represent between €210 billion and €420 billion in net asset value, according to the company’s report.

TBG’s “BTC Yield,” a proprietary performance indicator measuring Bitcoin holdings per fully diluted share, saw a significant increase of around 709% in Q1 2025. This growth reflects the company’s successful efforts to accumulate Bitcoin, with Bitcoin-per-share rising from 41 to 332 sats during this period.

Listed on Euronext Growth Paris under the ticker ALTBG, TBG transitioned to a Bitcoin Treasury Company model in November 2024. The company has rapidly grown its Bitcoin holdings from 15 BTC in December to 620 BTC by April through equity placements and Bitcoin-denominated convertible bonds. This rapid expansion underscores the company’s commitment to its Bitcoin treasury strategy.

The initiative is supported by crypto-native investors including Fulgur Ventures, UTXO Management, and TOBAM. Adam Back, a prominent figure in the cryptocurrency community, serves as TBG’s strategic advisor, providing valuable insights and guidance.

TBG acknowledges the risks associated with its strategy but remains focused on its goal to “accumulate as much BTC as possible, as fast as possible, in the most accretive way possible.” The plan is supported by a projected capital-raising capacity of €150 million to €100 billion over eight years, depending on market conditions and investor participation. If successful, TBG could become Europe’s largest corporate holder of Bitcoin.

TBG’s performance since adopting its Bitcoin treasury model has been impressive. The company has posted early gains of 120% in the first month, 265% after three months, and 474% at the six-month mark. These figures closely mirror the early performance of other Bitcoin treasury pioneers, such as Strategy and Metaplanet, which have also seen significant share price increases since adopting similar strategies.

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