The Blockchain Group, a Paris-listed tech firm, has acquired 182 additional Bitcoin, spending approximately $19.6 million to bring its total BTC holdings to 1,653. This move cements its position as Europe’s first publicly known Bitcoin treasury company, with holdings now valued at over $170 million at current market rates.
Backed by Major Investors and European Institutions
The purchase was financed through a recent series of convertible bond issuances worth nearly €18 million ($20.7 million). Institutional participants included UTXO Management, Moonlight Capital, TOBAM, and Ludovic Chechin-Laurans, each contributing to different tranches of the offering.
Banque Delubac & Cie and Swissquote Bank Europe SA facilitated the transactions, with Taurus, a Swiss digital asset infrastructure provider, handling custody.
The Blockchain Group shares drop 3%. Source: Google Finance
Record Year for Bitcoin Returns
The Blockchain Group reports a staggering 1,173% Bitcoin yield year-to-date in 2025, calculated as the ratio of Bitcoin held to its fully diluted share count. Since January, the company has added 469 BTC and realized over $49.4 million in gains.
Its average Bitcoin acquisition cost is approximately $103,000, significantly below current market prices. The company is also eyeing an additional 70 BTC acquisition, which would bring its treasury close to 1,723 BTC.
Market Activity and Share Performance
Traded under the ticker ALTBG on Euronext Growth Paris, The Blockchain Group’s shares dipped 3.9% following the announcement, as per Google Finance data.
Source: Google Finance. Insert chart showing ALTBG stock performance.
Earlier this month, the firm proposed raising €300 million ($342 million) through an At-the-Market (ATM) share offering. This would take place in tranches, with shares sold based on prior closing prices or volume-weighted averages, capped at 21% of daily trading volume.
26 Companies Add Bitcoin to Balance Sheets in 30 Days
The Blockchain Group is not alone. At least 26 entities have added Bitcoin to their treasuries in the past month, according to BitcoinTreasuries.NET.
Still, skepticism remains. Experts like Fakhul Miah of GoMining Institutional caution that not all firms are equally prepared for such exposure. Standard Chartered Bank warns that half of these firms could face liquidity crises if Bitcoin drops below $90,000, triggering forced liquidations and reputational risks.
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